Can we discuss Bitcoin and CRS ?

[bizman]

Say I have a wallet with never given KYC or any private information at all, all well hided behind endless IP'S and proxies.

How the hell will they be able to exchange tax information based on the coins I have in my wallet?

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[aage]

it is impossible! nothing to say else.

 

[JackAlabama]

bizman said:
Say I have a wallet with never given KYC or any private information at all, all well hided behind endless IP'S and proxies.

How the hell will they be able to exchange tax information based on the coins I have in my wallet?
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No, most decent wallets are open source. This means you (or your tech friend) could compile it all on your own without anyone stopping you.
They look like banking apps but in reality they are very different but need a lot of painting to make the UX smooth.

Also, the code needed to create the needed keypairs is pretty small and relatively simple in the scheme of things, it is just some cryptographic derivation from your random data input. So to hold your coins in such a raw manner, is not that sophisticated (but highly cumbersome).

 

[aage]

JackAlabama said:
but highly cumbersome
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why..? the mentioned wallets are easy to install and don't require any tech. knowledge.

 

[KDX]

bizman said:
Say I have a wallet with never given KYC or any private information at all, all well hided behind endless IP'S and proxies.

How the hell will they be able to exchange tax information based on the coins I have in my wallet?
Click to expand...

Impossible. You shouldn't worry about this. The OECD are just clowns, especially regarding this new crypto CRS proposal.

 

[bizman]

I was assuming right then... nothing to worry. Only if they are going to refuse to accept cryptos on the big exchanges from wallets which are not KYC'ed

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The reason to fail while you try to setup your business offshore....the guide that helped me setup my offshore company.

Wiseman sayings - May the gifts of three wise men fill your home with prosperity.

 

[Jerry1911]

bizman said:
I was assuming right then... nothing to worry. Only if they are going to refuse to accept cryptos on the big exchanges from wallets which are not KYC'ed
Click to expand...

This is most likely what will happen

 

[icecold]

KDX said:
Impossible. You shouldn't worry about this. The OECD are just clowns, especially regarding this new crypto CRS proposal.
Click to expand...

but not more clowns than they get the s**t regulated soon.
https://www.offshorecorptalk.com/threads/eus-upcoming-crypto-aml-regulation-tfr.36920/

 

[KDX]

icecold said:
but not more clowns than they get the s**t regulated soon.
https://www.offshorecorptalk.com/threads/eus-upcoming-crypto-aml-regulation-tfr.36920/
Click to expand...

Most of this will be technically impossible. Only centralized exchanges could have this implemented. We're not talking about banks here.