Hi. I am a Software engineer. I want to pursue a Masters degree in Germany. For that I need to have a blocked account setup in Germany which requires minimum 11208 euros to be deposited into the account before arrival. Now, here's my problem. I do not have any money in my bank accounts and all my money is in crypto. Now in order to setup the account I need to liquidate crypto into fiat so that they are deposited into the account.
My country doesn't have any official off ramp for crypto, neither any rules or regulations regarding taxation of these assets. I earned my income in cryptocurrency for the past 2 years and have pay receipts of that. But I have heard that due to anti money laundering acts they strictly scrutinize the accounts with which German blocked accounts are funded from. Now the only option for me to liquidate crypto is through P2P trading but I feel like it will be a red flag for them and they will reject my blocked account application.
Any help on this topic would be much appreciated!
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