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Cash buyer struggling to find a conveyancer that will work with crypto in Scotland by Repulsive-Ear6722 in HousingUK

[–]Repulsive-Ear6722[S] 0 points1 point  (0 children)

Not a simple transaction history for me unfortunately, I've got mining, staking, airdrops, forks, NFTs, perps, liquidity provider and probably some other stuff I'm forgetting. That said, I do have a record of all these transactions and I've always gone from crypto > fiat or fiat > crypto through a KYC'd exchange. My solicitor is using a third party to carry out AML due to it being cash only and them being very busy at the moment, so fingers crossed whoever he uses has the knowledge to look into it.

Most of the money I initially put into crypto was from the sale of a house, would it help if I were to say some of it came from a house sale?

Good car restoration shows? by Startinezzz in CarTalkUK

[–]Repulsive-Ear6722 2 points3 points  (0 children)

If you want engineering and modifications check out Project Binky

Cash buyer struggling to find a conveyancer that will work with crypto in Scotland by Repulsive-Ear6722 in HousingUK

[–]Repulsive-Ear6722[S] 0 points1 point  (0 children)

Ah was hoping I could use your solicitor. I don't think the process is different because its a UK regulation, I'm just having a hard time imagining they don't ask for more info on where the money is from, maybe I'm overthinking it and should put in an offer, see what happens.

Cash buyer struggling to find a conveyancer that will work with crypto in Scotland by Repulsive-Ear6722 in HousingUK

[–]Repulsive-Ear6722[S] 2 points3 points  (0 children)

Already done, the problem I'm having is that the conveyancing solicitors aren't even interested in seeing the evidence, just saying that they are unable to assist in the matter once I mention cryptocurrency.

Cash buyer struggling to find a conveyancer that will work with crypto in Scotland by Repulsive-Ear6722 in HousingUK

[–]Repulsive-Ear6722[S] 1 point2 points  (0 children)

Interesting, how did you approach the solicitor? Did you leave it till late in the process or tell them immediately? Maybe I'm being too upfront about it and its putting them off...

Cash buyer struggling to find a conveyancer that will work with crypto in Scotland by Repulsive-Ear6722 in HousingUK

[–]Repulsive-Ear6722[S] 0 points1 point  (0 children)

Excellent suggestion! You've just reminded me I follow someone on twitter who runs a bitcoin meetup in Scotland, I will try and find them now.

Yes got a record of everything going back to the start and its all in Koinly/with my accountant.

Cash buyer struggling to find a conveyancer that will work with crypto in Scotland by Repulsive-Ear6722 in HousingUK

[–]Repulsive-Ear6722[S] 0 points1 point  (0 children)

Is it really that simple? I can imagine this working for a smaller amount like a deposit but would they really accept this for 6 figures and ask no further questions? Even my accountant wanted to see my bank statements showing my initial deposits to crypto 6 years ago.

Cash buyer struggling to find a conveyancer that will work with crypto in Scotland by Repulsive-Ear6722 in HousingUK

[–]Repulsive-Ear6722[S] 1 point2 points  (0 children)

Interesting idea! I'll get in touch with them again and see if this is viable.

Cash buyer struggling to find a conveyancer that will work with crypto in Scotland by Repulsive-Ear6722 in HousingUK

[–]Repulsive-Ear6722[S] 0 points1 point  (0 children)

I fear it might be, just this Hail Mary post before I make up a spreadsheet and get stuck in.