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OTC Deals

OTCbid - South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

"The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end of 2023.

A Safer Crypto Ecosystem

The deputy governor of the SARB, Kuben Naidoo, recently said the institution had revised its stance on cryptocurrencies and is now looking to introduce a framework that governs crypto-related transactions. Naidoo, a member of SARB’s monetary policy committee, said such a framework would bring about a safer crypto ecosystem.

As explained in one report, when such a regulatory regime becomes effective, South African crypto investors — who have become accustomed to crypto scams — will be protected by the law. The SARB plans to have such a regulatory regime in place in 12 to 18 months’ time." - Read Full Article

Source: bitcoin

100K BTC SELLER IN hk

-6% Gross, -3% Net, Bank, Coin Swap, OTC, Singapore, Hong Kong, China, Dubai, UK 

NEW: 100K BTC @ -6% Gross, -3% Net, Bank, Coin Swap, OTC, Singapore, Hong Kong, China, Dubai, UK - Look For Buyer

(Seller ; KSAM GSEE-GAIL)

Post: 17.7.22

​​​​​

  • Seller is selling 100K BTC @ -6% gross, -3% net

  • Buyer = -3% 

  • Sellerside = 1.5% 

  • Buyerside = 1.5%  

  • Min = 500 BTC

  • PAYMENT MODE :

  •  

  • BANK TRANSFER: VIA FIDUCIARY ACCOUNT   

  • COIN SWAP: BY USDT THROUGH UNISWAP

  • OTC: VIA BINANCE OR COINBASE EXCHANGE.

  • All Commercial Transactions must be made via a Trust/Fiduciary Account

  • PROCEDURES:

  • Upon acceptance of the Terms and Conditions by the Buyer, the Buyer will provide a precise video of their Account to show Proof of Funds to pay for the Bitcoin, and once the Seller is satisfied, the Seller will then show a precise video of Trezor Hard Wallet to prove there is genuine Bitcoin to sell, which can be confirmed through www.blockchain.com with the Wallet Address by the Buyer. (N:B: for Buyers demanding for Satoshi test, unfortunately we will NOT send Satoshi from the same Bitcoin Address which we have our bulk BTC due to security breach in the past, we can only send via the same Trezor hard Wallet from our Test Wallet Address which can be seen in the video). 

  • Once both parties are satisfied, the BTC Agreement will be signed by both parties. Then the Seller will forward the Trust/Fiduciary Account in (Singapore, Hong Kong, China, and Dubai upon availability), if Payment is by direct wire transfer, but if it is via USDT Coin Swap Payment, then the Seller will forward USDT Wallet. If by Over the Counter (OTC) via Binance or Coinbase Exchange, then the Buyer has to open an Account with those Exchanges, and go through their Identification Verification, and also through OTC verification. Once they’ve approved your Account, then the Transaction will proceed immediately. 

  • Once Payment is confirmed by the Seller, then the Bitcoin will be sent to the Buyer’s Wallet for the first Tranche. Once the Buyer is satisfied, and wants to buy in bulk from 10k to 100k BTC, then both parties can now agree to do Desk-to-desk Transaction in HSBC Bank Hong Kong, Singapore or Dubai, and the Payment can be Wired directly into the Seller’s nominated Account.  

  • N:B. We have to go through this rigorous process due to current changes in Cryptocurrency in United Kingdom as there is 20% (CGT) Capital Gain Tax on Bitcoin Sellers and most Escrow in UK will have to declare the Bitcoin sales to the Authority as well.

BUYER MANDATE ONLY

Interested parties should contact :

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