Cash into Cambodia $$
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- 5 minutes to kill
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Cash into Cambodia $$
How much $$$ you can carry into an airport? Are there dollar limits?
Are there rules in the departing countries about this? Does it even show up on the scanners?
Is there better ways to bring the wad in?
TIA
Are there rules in the departing countries about this? Does it even show up on the scanners?
Is there better ways to bring the wad in?
TIA
Currency worth over $10,000 USD must be declared when entering or leaving.
Australia has a similar limit of $10,000 AUD and in Europe it’s €10,000 EUR.
Sending it to a local bank account and withdrawing it in country is slower but safer and more convenient but it’s not very practical if you’re laundering or trying to avoid taxes I guess.
Australia has a similar limit of $10,000 AUD and in Europe it’s €10,000 EUR.
Sending it to a local bank account and withdrawing it in country is slower but safer and more convenient but it’s not very practical if you’re laundering or trying to avoid taxes I guess.
In the last couple of years the banks compliance departments have felt obliged to ask questions about any amounts transferred to Cambodia. Producing an invoice was the simplest way.
Giving Cambodia now finds itself among the black list of money laundering countries it's going to get more complicated, not simpler.
Giving Cambodia now finds itself among the black list of money laundering countries it's going to get more complicated, not simpler.
I've been sending 5x10k€ over the last few weeks without any issue to ABA, using Transferwise. Maybe been lucky so far.
doing it that way there is a paper trail back to your bank account
thats why people like transferwise and other forex traders do id checks
Look for someone wanting to take money out of Cambodia, simple transfer by PP F&F and hand over the cash.
None but ourselves can free our mind.
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Visser I think I get why you mean but for the details I do not.
A simple trade. They leave theirs in Cambodia for me and I give mine to them here.
How is the exchange done in escrow? It needs to be held by an third party(s) and when accounted for - exchanged.
That and finding someone who wants or needs to do the same and I doubt it’s gonna happen at all.
A simple trade. They leave theirs in Cambodia for me and I give mine to them here.
How is the exchange done in escrow? It needs to be held by an third party(s) and when accounted for - exchanged.
That and finding someone who wants or needs to do the same and I doubt it’s gonna happen at all.
Reading here at K440, there are sufficient Bitcoin believers.........
Home country
$$$ in Bank --> Exchange/Broker ---> BTC
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Flight or bus to Kingdom of Wonder
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COvid test + $3000 burial deposit
...
Kingdom of Wonder
BTC ---> Broker in KOW from Local BitCoins ---> Money in ABA bank account ---> Cash in Hand
$$$ in Bank --> Exchange/Broker ---> BTC
...
Flight or bus to Kingdom of Wonder
...
COvid test + $3000 burial deposit
...
Kingdom of Wonder
BTC ---> Broker in KOW from Local BitCoins ---> Money in ABA bank account ---> Cash in Hand
Please show which local Cambodian broker will buy Bitcoin for over $10,000 with cash on Localbitcoins.com because I can only find Moneygram, Payoneer, WebMoney etc which puts OP back on square 1.
Bitcoin evangelists always talk about theoretical scenarios. Have you ever sold more than $10,000 worth of Bitcoins for cash in Cambodia?
The reality is that Bitcoin is seldom the answer and it is far from as practical as evangelists make it sound like.
Bitcoin falls flat when there’s nobody to buy the damn thing.
Bitcoin evangelists always talk about theoretical scenarios. Have you ever sold more than $10,000 worth of Bitcoins for cash in Cambodia?
The reality is that Bitcoin is seldom the answer and it is far from as practical as evangelists make it sound like.
Bitcoin falls flat when there’s nobody to buy the damn thing.
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Alex, these guys move much larger quantities of money than displayed on the website. They won't blink an eye at $10k USD. I speak from experience.
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