Hello 👋.
Would you like to transfer your crypto-currency funds to your bank account?
We're providing you with a comprehensive guide that explains the bank repatriation process, including procedures, tips, steps to follow on Waltio, as well as documents required by banks. Our aim is to make this important step as easy and trouble-free as possible.
1️⃣ What is bank repatriation?
Bank repatriation involves transferring funds from cryptocurrency transactions to a traditional bank account.
This process is regulated and involves several steps to ensure compliance with anti-money laundering laws and financial regulations.
Banks must comply with strict legal obligations, such as verifying customer identity (KYC), tracking transactions, reporting suspicious activity to regulatory bodies such as TRACFIN, and tax compliance.
Individuals holding cryptocurrencies need to cooperate with their bank and understand that these procedures are essential to ensure transparency and financial security.Banks are under regulatory pressure to verify the origin of funds, and while this may seem intrusive, it helps avoid sanctions and guarantees the legality of transactions.
2️⃣ Documents provided by Waltio
👉 Summary document of all taxable transactions from inception to 12/31/2024.
This document has been specifically designed to provide a clear and detailed overview of all your taxable cryptocurrency transactions, since the beginning of your cryptocurrency activities.
This summary document will include the following information for each transaction:
Transaction dates and support: each transaction is listed chronologically with the associated platform, making it easy to track the evolution of your cryptocurrency activities over time;
Amounts received and sent: you'll find the precise amounts for each transaction, both those received and those sent, this information giving a complete understanding of your asset flows ;
Type of crypto-currency involved: this document will indicate the type of crypto-currency involved in each transaction, essential information for understanding the diversity of crypto-currencies held;
Transaction price in euros: for each transaction, the price valued in euros at the time of the transaction will be indicated, facilitating tax and financial assessments.
👉 Summary document of historical euro inflows and fiat cryptocurrency purchases to 12/31/2024.
This document provides an overview of the financial flows in euros invested in the acquisition of cryptocurrencies, highlighting the amounts committed and euro-to-cryptocurrency purchase transactions.
It enables precise tracking of the evolution of the value of the cryptocurrency portfolio, providing a detailed overview of all the financial movements that have affected the initial acquisition price. This visualization helps to understand the impact of euro investments (cash in) on portfolio constitution.
👉 Waltio certificate of use
This is a legal letter that attests to the calculation work performed:
that the user has successfully integrated their cryptocurrency platforms and accounts with our solution, this process has enabled the recovery of transactions carried out on these media ;
that our tool has duly labeled and classified the operations carried out by the user to provide precise and detailed traceability* ;
we have provided the user with specific documents to prepare for the tax audit, and in particular complete records of financial movements associated with the accounts and platforms declared by the user;
have clearly informed the user that the services offered by Waltio were not a tax assessment of the user's situation and did not constitute legal advice;
3️⃣ How to obtain this guide and related documents?
In order to have access to our complete guide and the documents mentioned above, you will need to subscribe to our “Unlimited” package.
To download this document:
1️⃣ Go to your report page fiscal
2️⃣ Click on “All my documents”.
3️⃣ Then bank repatriation
💡 If you have already subscribed to one of our offers and would like to update it to Unlimited, please follow the steps in this guide. Click on the link : Update your subscription.
If you have any further questions, please don't hesitate to contact us via the Chatbot just at the bottom right of your screen! 💬
L'équipe Waltio