I do have basic deposit bank accounts in foreign countries, but none deals with BTC. I'm not sure I want one which does.
What matters to me (and what I have) is the ability to wire money at will, and at no cost, to an exchange where I can do BTC operations.
Topic: Any interest in an offshore bank which accepts & exchanges Bitcoins? (Read 9872 times)
August 25, 2014, 04:49:10 AM
August 25, 2014, 04:29:18 AM
I would be interested in details if you go further with this
August 19, 2014, 03:10:38 AM
I don't see what value this bank would bring, compared to a good wallet.
Anyway guys, this thread is from 2012!
Anyway guys, this thread is from 2012!
August 18, 2014, 10:11:35 AM
You had me at "offshore" 
August 18, 2014, 03:46:05 AM
I would be interested in details if you go further with this.
August 17, 2014, 04:09:41 PM
I would definitely be interested in this! We certainly need more exchanges in offshore locations where they are still considered will providing good service to their customers, instead of bending over backwards for regulators.
August 17, 2014, 10:25:40 AM
I have been talking with an offshore bank in the British Virgin Islands about possibly accepting bitcoins. They are not surprisingly uninterested however the discussions were useful because they did provide information on forming a finance company in the BVI. The finance company could open an account with the offshore bank and create sub-accounts for clients of the finance company. The finance company would be able to accept bitcoins and fiat currency deposits and offer currency (including Bitcoin) exchange services.
To clarify is this wouldn't be a "bank" in the traditional sense. It wouldn't offer loans, offer interest, or engage in fractional reserve banking. It would merely provide demand (deposit) accounts.
Potential account options:
* online banking with hardware 2 factor authentication.
* irreversible account to account transfers.
* debit card with ATM access.
* bank wires to "onshore" banks (financial privacy protected incoming and outgoing bank wires use a single-use transaction ID not an account number or account holder's name).
* access to offshore brokerage services.
The account to account transfer option (initiated by the sender) is interesting because they are irreversible and that could form the basis for a secure person to person trading/conversion. As an example Joe needs 1000 BTC and Jane is willing to sell them. Jane sends coins to the finance company acting as an escrow agent (or even a third party escrow agent). Joe transfers $10,000 to Jane's sub-account and coins are released to Joe from escrow.
Just an idea at this point. Comments?
To clarify is this wouldn't be a "bank" in the traditional sense. It wouldn't offer loans, offer interest, or engage in fractional reserve banking. It would merely provide demand (deposit) accounts.
Potential account options:
* online banking with hardware 2 factor authentication.
* irreversible account to account transfers.
* debit card with ATM access.
* bank wires to "onshore" banks (financial privacy protected incoming and outgoing bank wires use a single-use transaction ID not an account number or account holder's name).
* access to offshore brokerage services.
The account to account transfer option (initiated by the sender) is interesting because they are irreversible and that could form the basis for a secure person to person trading/conversion. As an example Joe needs 1000 BTC and Jane is willing to sell them. Jane sends coins to the finance company acting as an escrow agent (or even a third party escrow agent). Joe transfers $10,000 to Jane's sub-account and coins are released to Joe from escrow.
Just an idea at this point. Comments?
Very good idea and business project.
I specially like this part: To clarify is this wouldn't be a "bank" in the traditional sense. It wouldn't offer loans, offer interest, or engage in fractional reserve banking. It would merely provide demand (deposit) accounts.
If you succeed in starting this business project, I think that many Bitcoin users will be interested to do business with you.
August 17, 2014, 09:54:49 AM
I have a client who wants to pay in Bitcoin & Bitleu currency a contract of 500 million euro value, but it is hard to transfer money because they are now in the investment Deutsche Bank in Germany... Must move them to a commercial bank accepted by DB, this is the hardest part, and then to an exchange for buying Bitcoin and Bitleu. IF everything works well will let you know.
July 12, 2014, 08:41:10 PM
...
B: Security. This company will not have a single online wallet. Why? Because if one of my Bitcoin wallets gets hacked it is going to be because someone found the priv key @ http://directory.io/ (good luck)
...
B: Security. This company will not have a single online wallet. Why? Because if one of my Bitcoin wallets gets hacked it is going to be because someone found the priv key @ http://directory.io/ (good luck)
...
You do know that directory.io is just generating address pairs and is essentially a joke, right? The odds of someone finding your key pair there are the same as me generating them on my computer here, infinitesimal.
e.g.
Page 1 out of 904625697166532776746648320380374280103671755200316906558262375061821325312
:-)
hehe ya I know
<3
July 12, 2014, 08:36:22 PM
...
B: Security. This company will not have a single online wallet. Why? Because if one of my Bitcoin wallets gets hacked it is going to be because someone found the priv key @ http://directory.io/ (good luck)
...
B: Security. This company will not have a single online wallet. Why? Because if one of my Bitcoin wallets gets hacked it is going to be because someone found the priv key @ http://directory.io/ (good luck)
...
You do know that directory.io is just generating address pairs and is essentially a joke, right? The odds of someone finding your key pair there are the same as me generating them on my computer here, infinitesimal.
e.g.
Page 1 out of 904625697166532776746648320380374280103671755200316906558262375061821325312
:-)
July 12, 2014, 04:59:57 PM
I don't see this happening
I already have the foundation set up, but I need more time.
Looking at starting with Belize, Panama, Switzerland and the USA to start. This will not be a exchange.
"Offshore Paperwallets"
What exactly do you mean you have the foundation set up? What have you done so far?
Still tackling a number of obstacles:
A: Privacy. This company will not care who you are. Period. However, OffShorePaperwallets will not deal with cash at all. Simply privacy and trust for individuals that need it.
B: Security. This company will not have a single online wallet. Why? Because if one of my Bitcoin wallets gets hacked it is going to be because someone found the priv key @ http://directory.io/ (good luck)
There is still the a Security risk of the people who hold the wallets themselves.
C: Costs. This is a major issue. Bitcoin is powerful because the costs are low and the privacy is high. I intend on copying this mindset to the company without causing any security risk. You have to pay to play in other words because I don't think anyone wants to keep 10,000BTC behind the counter of some bar in Belize City
.I believe the lawyers cost can be offset by combining another interesting project I've been watching all year long and Namecoin.
I'm building this network for myself and then once I'm 100% happy I will open it up for anyone else who is interested as well.
Coming soon (tm)
Edit:
The end result may vary of course depending on who is recruited for the project.
July 12, 2014, 03:20:12 PM
I don't see this happening
I already have the foundation set up, but I need more time.
Looking at starting with Belize, Panama, Switzerland and the USA to start. This will not be a exchange.
"Offshore Paperwallets"
What exactly do you mean you have the foundation set up? What have you done so far?
July 12, 2014, 12:56:07 PM
I have been talking with an offshore bank in the British Virgin Islands about possibly accepting bitcoins. They are not surprisingly uninterested however the discussions were useful because they did provide information on forming a finance company in the BVI. The finance company could open an account with the offshore bank and create sub-accounts for clients of the finance company. The finance company would be able to accept bitcoins and fiat currency deposits and offer currency (including Bitcoin) exchange services.
To clarify is this wouldn't be a "bank" in the traditional sense. It wouldn't offer loans, offer interest, or engage in fractional reserve banking. It would merely provide demand (deposit) accounts.
Potential account options:
* online banking with hardware 2 factor authentication.
* irreversible account to account transfers.
* debit card with ATM access.
* bank wires to "onshore" banks (financial privacy protected incoming and outgoing bank wires use a single-use transaction ID not an account number or account holder's name).
* access to offshore brokerage services.
The account to account transfer option (initiated by the sender) is interesting because they are irreversible and that could form the basis for a secure person to person trading/conversion. As an example Joe needs 1000 BTC and Jane is willing to sell them. Jane sends coins to the finance company acting as an escrow agent (or even a third party escrow agent). Joe transfers $10,000 to Jane's sub-account and coins are released to Joe from escrow.
Just an idea at this point. Comments?
To clarify is this wouldn't be a "bank" in the traditional sense. It wouldn't offer loans, offer interest, or engage in fractional reserve banking. It would merely provide demand (deposit) accounts.
Potential account options:
* online banking with hardware 2 factor authentication.
* irreversible account to account transfers.
* debit card with ATM access.
* bank wires to "onshore" banks (financial privacy protected incoming and outgoing bank wires use a single-use transaction ID not an account number or account holder's name).
* access to offshore brokerage services.
The account to account transfer option (initiated by the sender) is interesting because they are irreversible and that could form the basis for a secure person to person trading/conversion. As an example Joe needs 1000 BTC and Jane is willing to sell them. Jane sends coins to the finance company acting as an escrow agent (or even a third party escrow agent). Joe transfers $10,000 to Jane's sub-account and coins are released to Joe from escrow.
Just an idea at this point. Comments?
you should contact the Panamian Law Studio expert in BTC and Offshore Bank Accounts Opening , the TGH Abogados at www.tghabogados.com
June 16, 2014, 02:51:33 AM
Offshore banks should not accept|exchange BTC, they should be replaced by it 
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 12, 2014, 09:01:20 PM
This would be very similar to an exchange.
In order for it to be a bank it would need to have to comply with massive amounts of regulations and be in compliant with a number of rules including AML/KYC (or similar) even if it is "offshore"
I would find it unlikely that any bank would every accept bitcoin like this.
In order for it to be a bank it would need to have to comply with massive amounts of regulations and be in compliant with a number of rules including AML/KYC (or similar) even if it is "offshore"
I would find it unlikely that any bank would every accept bitcoin like this.
June 01, 2014, 02:45:47 PM
I don't see this happening
I already have the foundation set up, but I need more time.
Looking at starting with Belize, Panama, Switzerland and the USA to start. This will not be a exchange.
"Offshore Paperwallets"
June 01, 2014, 02:04:31 PM
Very interesting. I just sent you a PM on Linkedin
June 01, 2014, 01:21:12 PM
I have been talking with an offshore bank in the British Virgin Islands about possibly accepting bitcoins. They are not surprisingly uninterested however the discussions were useful because they did provide information on forming a finance company in the BVI. The finance company could open an account with the offshore bank and create sub-accounts for clients of the finance company. The finance company would be able to accept bitcoins and fiat currency deposits and offer currency (including Bitcoin) exchange services.
To clarify is this wouldn't be a "bank" in the traditional sense. It wouldn't offer loans, offer interest, or engage in fractional reserve banking. It would merely provide demand (deposit) accounts.
Potential account options:
* online banking with hardware 2 factor authentication.
* irreversible account to account transfers.
* debit card with ATM access.
* bank wires to "onshore" banks (financial privacy protected incoming and outgoing bank wires use a single-use transaction ID not an account number or account holder's name).
* access to offshore brokerage services.
The account to account transfer option (initiated by the sender) is interesting because they are irreversible and that could form the basis for a secure person to person trading/conversion. As an example Joe needs 1000 BTC and Jane is willing to sell them. Jane sends coins to the finance company acting as an escrow agent (or even a third party escrow agent). Joe transfers $10,000 to Jane's sub-account and coins are released to Joe from escrow.
Just an idea at this point. Comments?
To clarify is this wouldn't be a "bank" in the traditional sense. It wouldn't offer loans, offer interest, or engage in fractional reserve banking. It would merely provide demand (deposit) accounts.
Potential account options:
* online banking with hardware 2 factor authentication.
* irreversible account to account transfers.
* debit card with ATM access.
* bank wires to "onshore" banks (financial privacy protected incoming and outgoing bank wires use a single-use transaction ID not an account number or account holder's name).
* access to offshore brokerage services.
The account to account transfer option (initiated by the sender) is interesting because they are irreversible and that could form the basis for a secure person to person trading/conversion. As an example Joe needs 1000 BTC and Jane is willing to sell them. Jane sends coins to the finance company acting as an escrow agent (or even a third party escrow agent). Joe transfers $10,000 to Jane's sub-account and coins are released to Joe from escrow.
Just an idea at this point. Comments?
Good for you D&T! Think a lot of us in the community are realizing the hindrance of Legal Company Formations and formal Entity registration with respect to Banking partners.
For the UK at least, it's a legal requirement to run finances of your Limited company through a Corporate bank account, but most banks here won't help any BTC-related businesses. Not much has changed in this respect since you posted this thread.
I recently visited a new projects website:
http://www.coinffeine.com/ There's a slide presentation which demonstrates their concept.
And short Coindesk Article: http://www.coindesk.com/coinffeine-centralized-exchanges-distributed-alternative/
It's headed by a team of Spanish Developers and concentrates largely on Decentralization.
Their model differs from yours however, I think your project concept has potential if escrows are suitably insured (I don't know who is the Insurance group that covers Circle, might be worth investigating).
Overseas incorporation seems to be a solid option for our BTC enterprises at current. I am making small efforts to approach policy makers with the aim of making banking institutions more friendly towards BTC space (gonna be a challenge in itself and will take time!).
June 01, 2014, 08:47:17 AM
So basically you want to steal a ton of bitcoins by getting people to trust you to store them with you...
In case you didn't notice this is an old forgotten thread.Oh really? Is that why it's active and there are several posts before me today?
There is an offshore company i have tried that open offshore account (only corporate,that means you must open an anonymous company) in a Central American Bank that accept BTC business, also they accept BTC as payment for their service, they are TGH Abogados & SPECTRA CORPORATION, really fast and with that service completely anonymous!
www.tghabogados.com
March 21, 2014, 06:38:08 AM
So basically you want to steal a ton of bitcoins by getting people to trust you to store them with you...
In case you didn't notice this is an old forgotten thread.Oh really? Is that why it's active and there are several posts before me today?
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