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0 sats \ 0 replies \ @orthzar 13 Nov 2023 \ on: de-KYC Sats? bitcoin
KYC is not associated with your SATs. KYC is a permanent mark on your record. Selling your entire KYC stack and buying only non-KYC going forward is the only good move. But the government will never remove you from their KYC records.
If you have ever bought any cryptocurrency via any KYC exchange, you told the government, "I understand cryptocurrencies enough to buy them, so I probably have more non-KYC cryptocurrencies that I haven't told you about."
If the government decides to start seizing cryptocurrencies, they will make a list of people from whom to steal cryptocurrencies. Selling all of your KYC stack might put at the bottom of that list.
Downsizing your lifestyle (e.g. no lambos, small house/apartment, cheap car) will also help. The IRS catches many tax evaders (or in this case, KYC evaders) by just looking at their lifestyle.