hi. would like to know about selling crypto on remitano and huge chunk of money gone into your bank, will u kena check?

How many mil r we talking about ?

Yes kena check 1/4 million a week?

pandai pandai la

Gonna trigger the bank if more than 25k if im not mistaken. They will contact you to know details about the deposit.

that's only for cash transaction that has to be reported isn't it?
bank transfer >25k will kena question?

Any movement from/to your bank acc. Deposit and withdrawal. Same either way, online or manually in bank branch.

Who wanna cashing out with big figure, we can do in cash.

i am interested to know also... what will happen if let say there is 100k transaction within a month? (included deposit and withdrawal)

Bank will most likely call you and ask to declare taxes.

can we tell bank is bcs of trading cryto?

hm.. never ever. my transaction over the month when purchasing house > 100k. no one ever call me.

this including pay deposit, pay lawyer, pay contractor, etc. no one call me to explain the money as to date.

Maybe LHDN will call you later.. JK.. What bank you use?

Park

I read somewhere got one forumer cash out 50k within a month to saving account. But he does it separately. Not more than 10k per transaction/per day. No call from bank

it is quite different, trading crypto will end up have plenty of small transaction and accumulate to RM100k in a month. (deposit + withdrawal)

Sorry to ask ..

Arent income from outside Malaysia are exempt from tax ?

doing cash transaction is the safest

That's for sure but where to keep such a big amount of cash?LOL

Sure got pro and cons mah...

But I will opt for cash la.. to be safe than sorry