Transferring Money Abroad for Interest Earnings

[campFIRE]

@Dr.PI

I have some money in my Swiss bank account. As a Turkish citizen, I’ve noticed that Turkish banks are currently offering around 50% interest. I’m considering transferring some funds to a Turkish bank using cryptocurrency. I’ve done this before, but not with such a large amount.

Based on my calculations, I expect to earn about €2,500 monthly. While the currency exchange rate is significant, I don’t anticipate a major decline in the Turkish lira in the short term.

My question is whether I can send around €70,000 via SEPA to Binance without any issues. Once I earn interest, will I be able to withdraw my money without complications? I’m unsure if I’ll be questioned about the source of the funds.

I plan to keep my money there for three months, which should generate around 8,000 Swiss francs interest earning.

2024, but still qualifies by my unanimous decision.

Why tho?
In the last 18 months the Turkish Lira lost 36%, while a return of 50% per year would mean a gain of around 87% (=1.5*1.25). Then you need to pay taxes.

If we don’t consider the risk (risk of default considering the very high return, and FX depreciation which wasn’t known 18 months ago), he would have made money out of this. Or I’m missing something big?