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21 sats \ 2 replies \ @Solomonsatoshi 13 Dec \ parent \ on: Can I de-kyc my KYC stack? bitcoin
Wrong. The tax agency of your country can ask if you have not reported the sale of the bitcoin you purchased via a KYC platform then where the fuck is it now ? ! ?
If you purchased via KYC no amount of coinjoining mixing obfuscation BS will remove the fact that your nations tax authority has been informed you have purchased that Bitcoin.
The only way to de KYC is to sell it, report the sale and pay due tax to tax dept and then re acquire Bitcoin via Non KYC.
On this Darthcoin, usually well informed, appears to be ignorant.
And upon Order 6102฿ the government will come asking will you surrender that ฿itcoin you purchased via KYC but have never reported the sale of???
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0 sats \ 1 reply \ @chaum 13 Dec
Yes, very true, but this is a new technology the government is dealing with. Your stack could have been stolen, you could have lost your backup words.
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0 sats \ 0 replies \ @Solomonsatoshi 13 Dec
You can try claiming it has been stolen and see how the tax department sees that. Did you report it when it was stolen?
If you claim your back phrase was lost if the Bitcoin ever moves since this is claimed you are exposed a a liar.
The government has been very proactive along with the banks in imposing KYC and promoting KYC in order to get nearly all BTC tracked and traced so if you think you have a found a loophole and can outsmart them try it on and see how you go- good luck with that.
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