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Perfectly legal: Bitcoin over the counter, under the radar
P2P BTC OTC - the idea behind a crypto over-the-counter transaction
The acronym P2P BTC OTC stands for the sale and acquisition of Bitcoin or other cryptocurrencies in a private environment. It avoids the use of crypto exchanges, including so-called "OTC desks" and their regulatory hurdles and requirements. The private BTC transaction is possible, when other transaction structures fail or result in a less advantageous outcome. Therefore, this opportunity still has its justification in certain cases (only).
To buy and sell cryptoassets over-the-counter without the protective shield of regulated institutions, results in specific risks and pitfalls. In an anonymous transaction, the Bitcoin seller might lose his coins without getting paid. The purchaser might pay without obtaining ownership in the cryptocurrencies. In addition, the payment might be contested, rewinded and charged back later, while the blockchain transfer is immutable. In the worst case, an ill-advised Bitcoin investor might involuntarily get involved in criminal behavior. As a consequence, to participate in a private-to-private Bitcoin trade, it is essential to fully understand the transaction, the structuring options, and risk limitations. A proper monitoring by experienced counsel will make the P2P BTC OTC safe and protects from losses as well as illegality.
With the given bear market, Bitcoin is sold for around US$ 20,000 only by so-called "Bitcoin Tourists". The Bitcoin over-the-counter market is, therefore, dried up. Consequently, sale offers should be viewed with particular suspicion. The trade makes sense only if specific features are present. The rest is fraud and criminal activity.
Bitcoin over-the-counter | Keynote presentation
P2P BTC OTC - the keynote presentation
To clarify the objectives for new clients and as a comprehensive explanation of the overall issue, the company gives a keynote presentation on legal, regulatory, and practical aspects of the private cryptocurrency transaction. This can be done in-person or online.
The presentation explains the requirements of being RWA (ready, willing, and able) and to which extent the coins have to be good, clean, clear, and of non-criminal origin. It describes how the transaction structure should be designed to allow replacing KYC (know your customer), AML (anti-money laundering), and CDD (customer due diligence) investigations by secrecy, confidentiality, and privacy considerations in accordance with a prudent NTK (need-to-know) policy.
The consequences of different payment mechanism are explained. This covers, above all, on the one side amount and currency, on the other side funds on a bank account, cash, or else, but also the location and jurisdiction, as well as the title, control, and authority of the funds. A focus is on the various escrow arrangements and their consequences for the overall risk management. Proof of funds, proof of coins, and procedural considerations are elaborated in detail as well. In the end, the presentation provides a holistic insight into real-world cases and good (or bad) industry standards.
Bitcoin Over-The-Counter | Pugnatorius Services
P2P BTC OTC - advice and transaction support for (future) Bitcoin millionaires
PUGNATORIUS understands that there are legitimate reasons to give privacy a higher priority than is offered in the regulated crypto industries. It advises how to utilize existing opportunities to avoid KYC investigations and to keep personal and business data confidential.
Based on successful practical experiences in the Bitcoin OTC space, the firm provides extensive transaction support to get the deal done. It monitors and advises throughout the signing, closing, crypto transfer, payment, escrow procedures and additional steps and requirements.
Established in 2009, PUGNATORIUS S.A. offers pragmatic and actionable guidance as well as offensive problem-solvings for individuals and corporations. The firm guarantees superb, high-touch services at every step as special counsel, gatekeeper, provider of opinions and statements, or as internal advisor. Innovative and independent advice and analysis for international clients and sound investment decisions.
Meet PUGNATORIUS S.A. on the World Business Growth Conference or in the run-up of the event.