SEARCHING FOR A TEAMMATE TO RUN REFF - DEVELOPING CRYPTO CHANNEL
I have been running Reff for the exchange from 2018-2019 and achieved certain results, but human capacity is limited; I can't handle many channels or run additional exchanges by myself. Therefore, I hope to find a teammate who shares the same goals and passion for crypto. Requirements: In Ho Chi Minh City - because after all, working together directly will be better. Let's run the same account I'm currently running (this requires a clear contract, Vietnam already has laws about crypto, so having a contract will be effective).
Play safely. There are two issues that ACE needs to understand:
1. If you only store assets on an international exchange without trading, there will be no penalty (is ACE really going to declare that there is a transaction?). This is usually dealt with when there is a related case, for example, if ACE is involved in a certain case and is brought up. This directly affects P2P on the exchange because the authorities trace through the bank and they will find out.
Solution: when you want to cash out, transfer from the exchange to a non-KYC wallet like Trust, Meta, etc., and then transfer back to the VN exchange to cash out.
2. It takes 6 months from the initial licensing to begin processing, and currently, no exchanges have been licensed, which probably makes everyone anxious.
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Then comes the issue of Sác playing FB Ads. In the article, it has implicitly acknowledged that Antex is deceiving investors, and whoever else is deceiving will be resolved later.
Suppose we deposit 1 coin, then the exchange also reserves 1 coin in a top 5 organization in the world, can we feel secure? With a capital of 400-500 million, this market is not worth it
1. Many friends are afraid that international exchanges will be banned. I think they won't because if they are banned, where will the interlinked Deposit, Withdrawal, and Transfer between exchanges come from? Without these, where will the trading Volume come from => exchanges will die.
2. Regarding penalties for violations: currently, there are no specific regulations, but there is a lot of information stating that penalties will be imposed for not withdrawing cryptocurrency assets back to VN exchanges (where cryptocurrency assets, by definition, are linked to real assets like NFTs).
The best solution, in my opinion, if I can provide a reference suggestion.
"Foreign exchanges can still operate normally but must sign a commitment with VN regarding tax obligations: during KYC, tax identification numbers must be added to accounts, and exchanges will withhold tax on each transaction, for example, 0.1%, and exchanges will settle with VN quarterly or annually." This is both convenient, easy to implement, and will generate significant revenue.
P/s: No matter what, let's celebrate BNB with 4 digits already :)