pull down to refresh
289 sats \ 6 replies \ @OriginalSize 21 May 2023 \ on: IRS Now Permitted To Obtain Bank Records Of 3rd Parties Not Under Investigation bitcoin
You have to assume they know or can find out anything that operates under their jurisdiction. This is why you should never KYC.
As for 3rd party bank account info, they may want to use this to trace those p2p trades which involve bank accounts.
Yes, banking related p2p trades are probably one of the worst ways to acquire bitcoin. Arguably worst than exchanges where millions blend together.
reply
I would think it's easier to pressure an exchange to reveal transactions than to do timing analysis on a purchase through Robosats
reply
You don't need to do timing analysis at all to accuse someone of purchasing or selling bitcoin by looking at their bank account transactions. You realize the IRS operates on guilty till proven innocent right?
reply
Not American so I don't know how that IRS mafia operates.
I don't understand how would they know it's a bitcoin purchase? A transfer to a random person is just a probability, could be a farmer at the market. Whereas a transfer to an exchange is certain.
reply
Exchanges have to report to the government so I'm not either are much different.
reply
Well your entire banking history isn't viewable by the IRS by transacting with an exchange. The article above indicates that simply transacting with the "wrong" person allows them to access your bank transactions even if you did nothing wrong.
reply