" Domestic and foreign OTC desk activity from China skyrocketed since May 18 amid the sell-off triggered by the Chinese crackdown.
Chinese crypto investors have reportedly been bypassing regulatory hurdles recently by being active on domestic and foreign over-the-counter (OTC) platforms and peer-to-peer (P2P) networks. Bloomberg stated that China’s recent crackdown escalation has fueled such transactions, making it complicated for the authorities to strengthen a massive ban on cryptocurrencies at all.
The activity in the OTC desks has spiked significantly since May 18, where the Communist Party of China issued some statements to reinforce its stricter stance against virtual currencies. Crypto exchanges have been banned in the country since 2017, being the first crackdown deployed by the government. " - Read Full Article
Source: financemagnates
150K+ BTC SELLER AVAILABLE
" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."
- OTCbid
-8% Gross, -4% Net, L2L, Escrow, Baker McKenzie
NEW: 150K BTC with R&E @ -8% gross, -4% net, L2L, Escrow, Baker McKenzie - Look For Buyer
(Seller : SM...FE-Tele)
Post: 2.6.21
A seller is selling 150K BTC with R&E @ -8%gross, -4% net
Buyer = 4%
Buyerside = 1.% (mandate + Ray + open)
Sellerside = 1.% (closed)
Facilitators = 1% (closed = 5 people)
Escrow = 1%
PROCEDURE:
The buyer will transfer the agreed funds according to the tranche schedule in “Annex A” based on the agreement AC-1602-BTC-2021 to the escrow agent, buyer´s escrow lawyer, who will confirm by official communication to seller’s attorney Backer McKenzie the financial capability of the buyer to purchase the agreed quantity of BTC as per this agreement.
After funds confirmation by official communication, buyer´s escrow lawyer will provide to Baker McKenzie its escrow wallet for the transaction. Buyer´s escrow lawyer will provide the wallet address, so that the BTC transfer can be verified by Baker McKenzie. This will also serve as a proof of concept of the process and provide confidence to both parties for the following tranches. The seller sends a tranche of the agreed BTC to the buyer´s escrow lawyer escrow wallet created on the agreed cryptocurrency exchange.
When Baker McKenzie confirms the transfer of the first tranche of BTC is present in buyer´s escrow lawyer cryptocurrency wallet, the funds held in the trust account of buyer´s escrow lawyer for the purchase of the BTC will be confirmed to be released to Baker McKenzie’s escrow account.
After confirmation of the funds transferred by buyer´s escrow lawyer to the Baker McKenzie’s escrow account, the tranche of BTC held in buyer´s escrow lawyer cryptocurrency wallet is to be transferred directly to the wallet of the buyer.
When buyer´s escrow lawyer cryptocurrency wallet receives confirmation of the transfer of the tranche of BTC, the funds are immediately transferred by Baker McKenzie to the seller’s nominated bank account.
The commission must be paid by the seller or seller´s lawyer Baker McKenzie on behalf of the seller to the agents under the Irrevocable Master Fee Protection Agreement (IMFPA), which is included in this agreement in “Annex C”.
Further tranches are processed according to the tranche schedule “A”, (with clauses from item 5 to item 11 of the Transaction Procedure), until the total volume of the contract is reached.
BUYER MANDATE ONLY
Interested parties should contact :
OTCbid@gmail.com
DM Raymond Chai (on Linkedin)
Telegram @OTCbiddotcom
Telegram: +1 (786) 632 8577
T.me/otc_bid
OTCbid.com
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