Need to offramp very old (no SOF) crypto to buy house ES

Hi. It's very similar to my situation (I've bought a property in Spain with crypto proceeds, though I wasn't a resident at that time), so I can offer some advice.

- If he is Spanish tax resident and he has not declared crypto with tax authorities, he is probably in law violation.
- I was asked by banks and lawyers to produce a tax return. The deal amount is, say, 500k and you need a tax return showing income of 500k. Otherwise this money is considered "not declared bad money". Yeah, you are selling crypto in 2025 and supposed to declare in 2026, but nobody cares. "You can wait until next year". Maybe not universal rule, but keep in mind.
- Your friend will need to pay capital gains taxes on the crypto.
- Oh and ~10% when buying property.
- Seller will strongly prefer transfer from a Spanish bank, though EU/Switzerland can be ok.

Sorry, no solution for you. Maybe speak with Swissquote/alt.co/Mt. Pelerin regarding source of funds... I just want to point out that tax/rules of Spain are difficult to deal with even before considering SoF. I found the process very burdensome, expensive and unpleasant. Not recommended at all actually.

Only solution is to "create" a SOF.

Then here is one big beautiful question; "how?"

There are a few service provider around OCT that are able to help with it, try @ActionMan or look inside the marketplace and other forums, use search function on OCT.

There are people around OCT that offer this service, you only need to search for them here. @CryptoCashKitty is also one @ActionMan and many more, also check the mentor group gold abandoned marketplace, lot's of services there offshorecorptalk.com/forums/abandoned-marketplace.86/

Feel free to DM. we have done this multiple times, taking aged coin through a clean corridor and landing it in fiat that passes a compliance sniff test. Everything runs audit-tight from first handshake to settlement, so if someone ever decides to lift the hood on the transaction, the file holds.
FYI, Before anything moves we build the source file. KYT, travel rule, narrative engineering, so the MT103 the receiving bank sees lines up with the contract set we’ve prepped. That way the wire reads like it belongs in their inbound queue, not their exception report. Once the structure is locked, the flow is just execution, capital clears the desk, credits on ledger, and lands where you want it.
We’ve taken profiles with chain history messier than a DeFi farm dump (multi-hop mixers, staking rewards from defunct protocols, illiquid alt dust sweeps, cross-chain bridge remnants, and unwrapped tokens from old smart contracts) and had them settle clean into Portugal notary tables without a hiccup (a lot went for golden visa applications, mostly Chinese applicants). If his target is sub-500k in southern Spain, we can frame it so the bank and the notary see exactly what they expect, nothing more, nothing less.
If he’s serious about getting it done right the first time, send me a message and we can talk lanes.

What's your fee for such transactions with say 200K euros?

For that ticket size it depends on the lane, the asset, and the destination. All of our exits are structured and fully documented, so we build the fee around the route that clears the cleanest. Drop me a DM and I can outline the lanes and the all-in cost.

@ActionMan pm me please

Moj said:

@ActionMan pm me please

You have just received a pm from the right person ;)

JohnnyDoe said:

You have just received a pm from the right person ;)

It's money laundering 😅

CEO said:

It's money laundering 😅

Definitely not

JohnnyDoe said:

Definitely not

Why? Explain it if possible

People throw “money laundering” around like it means “money I don’t like.” The law says otherwise.

Article 301 of the Spanish Criminal Code (Código Penal):

“El que adquiera, posea, utilice, convierta o transmita bienes, sabiendo que estos tienen su origen en una actividad delictiva… será castigado…”

Key words: origen en una actividad delictiva. No crime at the root, no laundering.

Directive (EU) 2018/1673 on combating money laundering by criminal law:

“Money laundering shall apply to conduct when it concerns property derived from criminal activity.”

Again, the foundation is criminal proceeds.

Some case law:

• CJEU, Case C-255/14 (Balogh): laundering presupposes proceeds of crime.
• Spanish Supreme Court, STS 974/2012: an irregular paper trail ≠ laundering.

Crypto mined, earned, or invested in since 2013–2015 is not heroin cash. It’s just old digital money. Moving it through wallets or DeFi doesn’t criminalize it. The only real problem is today’s compliance monkeys in banks and notaries, who want tidy paperwork for something that didn’t exist in their risk manuals back then.

In short: no criminal origin, no laundering. It’s not a crime. It’s a paperwork matter.

Here I elaborate further on the matter:
Thread 'Cashing out crypto: why it’s not money laundering, and how to do it safely'
johnnydoe.is/threads/cashing-out-crypto-why-…afely.42885/

@ActionMan pm me please

Moj said:

@ActionMan pm me please

Another victim of OCT’s scam :(

Who?