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/biz/ - Business & Finance

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5798857 No.5798857 [Reply] [Original]

Let's say one lives in a state where cryptocurrency is regulated therefore that person is limited to 3 crypto exchanges.

Can that same person go to another nearby state that doesn't regulate crypto currency, get a state ID (provided that he shows "proof of residence"), and then stays a little while in the state to do trades in exchanges that are banned in his home state in order to buy coins that have potential 30x-100x gains. Then, he goes back to his home state and HODL until his next visit. Is it possible?

>> No.5799082

Sure. People have overseas bank accounts and investments. But typically easier to move to the new country get citizenship and revoke your home country's citizenship. It would be a lot easier if you just told us what two countries you are talking about.