48-Nation Bloc To Crack Down On Using Crypto Assets To Avoid Tax

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is that an extension of the non-working crs‌ joke? With the exeption on singapore and maybe mexico, that bloc faces very challenging years‍ with civil wars etc, they might be already irrelevant at that point in time or⁠ have no money left. 😉
 
It's a game of whack-a-mole where you are not allowed to hit half⁠ of the field, even though you lose the game if you are not able to.⁤
 
If the crypto world disconnected from using regulated fiat on/off ramps and hosted wallets its‌ gonna be pretty tough going to crack down on pure p2p transactions.
 
it's the reality today and growing every day

however the fight is⁠ far from being won

as a last resort they can try to make it illegal,⁤ can't they?

and p2p txns can always trigger taxable events and despite it's difficult to⁣ track or restrict these transaction practically for some people it's a big enough obstacle
 
Until there is a CBDC -> then its a case of BTC/etc⁠ for goods and services... price would be sedated...

They will allow ETF's as that will⁤ control the price by forcing people into paper bitcoin (etc) and closing down fiat on-off⁣ ramps and making un-hosted wallets illegal.

Transactions themselves are not difficult to track.

You can see the IP's behind, and also the Wallets interacting (infura etc) which provides a︃ list of all other wallet addresses in the associated wallet...

Now you can argue VPN...︄ however then there's otherways to determine the devices connecting and track via that nexos.

In addition in the future there is a push for digital ID which leads to "approved︅ digital access" to the internet (where all data is tracked against a ID) - darks︆ come in handy then i guess...

Let's say you are using a H/W - such︇ as Ledger, and utilise Ledger Live, Ledger knows all addresses, and all tokens/currencies in that︈ wallet and the device information and IP.

So even H/W are not safe...
 
That's the irony. The more they try to regulate centralized exchanges and⁠ fiat offramps, the more they will loose control as people turn their back on fiat⁤ currencies and embrace crypto and pure P2P transactions.
 
the new etfs are spot etfs, paper⁤ crap stuff is already available. So they are supposed to buy bitcoin in theory at⁣ least.
Liquid sidechain⁢ is a good option. Its very sad almost no one seems to use it (it︀ has non existent marketing), but it works great.
sideswap is the go to app for︁ that.

yup, thats an issue. One should try to operate an︉ own node. Can be done relatively easy and cheaply with umbrel or mynode...
 
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