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> No one wants to touch US residents when cryptocurrencies are involved. It's not only cryptocurrencies. As soon as you're taxable in the United States it's pr
by gst 9y ago
> No one wants to touch US residents when cryptocurrencies are involved.
It's not only cryptocurrencies. As soon as you're taxable in the United States it's pretty much impossible to get a brokerage account at most European brokers (I don't know about other regions). Unfortunately "just use a US based broker then" doesn't work as answer if you're a non-resident US citizen, as lots of US brokerage companies close accounts of non-residents.
At this point you're pretty much a customer that no-one wants to deal with.
- geomark 9y agoAnd then there's FATCA which makes you unwanted by banks in many countries. Try cashing a paycheck, paying rent, doing anything while being unbanked in a developed country. US people who don't travel much or live abroad have no idea how oppressive the US government is in its attempts to limit people and capital from migrating.
- Scoundreller 9y agoPlenty of these US persons aren't even migrants, just individuals that happened to be born to (a) US citizen(s).
- geomark 9y agoTrue. Many have never had any contact with the US or a US institution yet if the IRS ever learns of their existence they receive notice of overdue taxes.