Bitcoin Offshoring - Be Your Own Offshore Bank

Bitcoin's triumphant progress seems unstoppable. However, there are four threats that should be avoided through foresight rather than denial. First, regulations in the EU and many other countries provide for strict surveillance of pseudonym transactions and ultimately doxxing of participants. Second, there is the threat of a ban on Bitcoin. Third, we can expect a tightening of the tax rules. Fourth and finally, there is the threat of sanctions.

If it is considered to transfer the Bitcoin wealth abroad, it is important to have a clear understanding of why offshoring is an effective solution even though the Bitcoin blockchain is not localized in the home jurisdiction. The desired legal, tax and financial aspects have to be defined and evaluated in each individual case. 

Compared to real estate, shareholdings and bank accounts, offshore structures have specific advantages for Bitcoin investments.  Among other things, they allow a self-defensive rug-pull kill switch in the best interests of the Bitcoin holder. The procedures and decisions for Bitcoin offshoring must follow offshore legal, tax and crypto aspects. 

All these considerations, steps and implications are addressed in Dr. Ulrich Eder's keynote presentation "Bitcoin Offshoring - Be Your Own Offshore Bank".

The keynote presentation "Modern Digital Asset Protection Strategies" has been held at the IP and Legal Conference on May 3, 2023 in Dubai, United Arab Emirates.

Part 1 of the keynote speech describes the use cases and the advantages of buying and selling cryptocurrencies in a private over-the-counter transaction. It highlights the benefits and specific issues with such a sale and purchase beyond regulatory restrictions and protections. 

Part 2 discusses the intentions and motivation to use Bitcoin & Co. to purchase a beach villa, city apartment or investment property. The different transaction structures and their consequences are explained. 

Part 3 gives an overview of the crypto shopping markets and their peculiarities. This includes crypto boutiques, metaverse shopping as well as the common luxury crypto platforms.

Part 4 explains the urgent need for crypto offshoring and its protection from surveillance, prohibition, excessive taxation, and sanctions. 

The presentation slides are published below.

The keynote presentation "The Urgent Need for Crypto Offshoring" was held at the World Business Growth Conference on April 26/27, 2023 in Dubai, United Arab Emirates.

Part 1 of the keynote speech describes the urgent need to transfer Bitcoin and other cryptoassets to a crypto-friendly offshore jurisdiction. This covers, above others, surveillance, prohibition, excessive taxation,  and sanctions.

Part 2 provides an overview of relevant offshore laws, taxation rules, and crypto regulations in the offshore world. It describes the tax requirements to recognize the offshore entity from a regulatory and taxation viewpoint.  

Part 3 connects cryptocurrencies with offshore companies and highlights the particular advantages and benefits of cryptowealth in the offshore world. It reveals how a crypto offshore holding offers amazingly beneficial solutions.

Part 4 outlines the procedures and practical handling for a successful implementation of the crypto offshore project, the most crypto friendly offshore jurisdictions, hands-on experiences in the accomplishment of crypto offshoring and some further know-how.

Crypto offshoring requires combining advanced crypto knowledge, solid offshore experience, and hands-on transactional support. If you do almost everything right, you do it all wrong. 

Part 1 of the presentation slides is shown below.