0 sats \ 2 replies \ @Krv 7 Feb \ parent \ on: If spending btc is a "taxable event", what's the future of these websites/apps? bitcoin
Yes, Canada made KYC requirements minimal for amounts under $1000. Is that they don't want to know about those? No, of course they do. It' s that they don't have the resources to keep track all transactions that occur. Hence, I suspect most countries will more or less ignore small value transactions. Or, very selectively go after individuals. But, probably make rules such that they don't have to deal with them.
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0 sats \ 1 reply \ @nikotsla 7 Feb
Indeed... you need to be a "target" so... maybe one day some politic think you look bad to him and, because they have "the law", you could be imprison <3.
We need to remove money from state, at least.
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14 sats \ 0 replies \ @Krv 7 Feb
That's why privacy is so important. I wish people got the importance of this more. Many will have to learn the hard way.
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