I want yalls opinion on this

so, russia as we know is filled to the Brim with sanctions and shit, they can't use wire, visa, mastercard, paypal and shit

the thing is I got us and eur bank accounts, as well as their respective debit cards, and they should work wherever I want

both of them are good at keeping the money in USD and can be easily converted into crypto and back which keeps their value (because where i live, most of the money in usd must be converted to egp STAT or you get raised eyebrows or heavy fines but idc about that cuz i can avoid em)

I already got them linked with paypal and payoneer, and they both should accept money form any payoneer and paypal user and automatically move to the respective account/cards (so that the funds dont get suspended cuz paypal is retarded sometimes), and they also got p2p transaction methods builtin them so transferring money from usd/crypto to any fiat currency in whatever local money app isn't a problem

what I'm saying is, would that be a good and viable business?

for example, say someone from wherever else aside from russia wants to send their money to a russian for whatever reason (commission, content creation, buying a service, product, or aid)

if I got to be their broker, can't I be the individual that can receive their money via PayPal, wire, ach or whatnot, and I can transfer that money immedietly to ruble to the russian to their yandex money/go p2p? and vice versa. while I take a small commission cut of 1%

this way they can transfer cash even if one or either party doesn't feel comfortable using crypto because it's "for criminals" or "le NFT scam" and "muh nature" or if neither of then cant/won't use crypto because they don't know what it is and don't want the risks associated with it


what am I missing or should be improving on?

capcha: 4k4k4

thats a crime and crime is bad

>>60525529
it's legally Grey, but it's technically legal

>>60525530
are you worried about constant headaches with bank and paypal freezes and account reviews even though its legal

>>60525534
for now it's sent so that the moment anything gets sent there gets converted to crypto Ona cold wallet, paypal and us bank accs

so no :)

>>60525530
not of its done in international waters, why else do oligarchs waste so much money on yachts.

>>60525536
well yeah the money for any given transaction might be safe, but eventually the banks or paypal would notice lots of weird volume and give you problems as a money transmission service and possibly terminate accounts which would be hard to set back up right?

idk about any of this by the way im just curious and asking obvious questions

>>60525530
That's called being a money mule and it's not grey, it's absolutely illegal.

>>60525543
it's a virtual us bank acc, I don't think that would be a big problem + the transactions won't be in the thousands (yet)

>>60525548
thanks for clarification, wasn't familiar with that term, will probably look more into the idea of this whole business

>>60525541
and by "international waters" you mean...?

>>60525563
German car dealers are making bank by selling Porsches at triple the price to stupid Russians. Maybe look into how they do it (apart from bribing lots and lots of politicians).

>>60525735
nah, I don't want to scam people, sure I can add a commission fee but it won't be 2 or 300%, more like 10% max

>>60525742
>I don't want to scam people
You think those Russians think they're being scammed?
300% is the cost of importing western stuff given the sanctions.
You are fucking yourself out of profit because you cuck for a country you don't even live in kek.

>>60525567
by international waters he means international waters

>>60525523 (OP)
> What is OFAC?

(You) are a literal retard

https://sanctionssearch.ofac.treas.gov/

>>60525893
you're evil

>>60526218
1. I didn't ask what That is
2. rude.
3. I'm not american so I don't see how that applies

>>60525523 (OP)
That's being a money mule.

Also everyone in Russia already knows people with Georgian and Thai accounts who provide that service.

>>60528221
what countries are easier/less risky for being one?

I'm being serious, even if the gains are small and short term it's worth it imo