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Cryptocurrency discussions / Re: Anonymity - good or bad?
« on: April 29, 2024, 11:51:34 PM »Anonymity has its good and bad side , but due to its bad side, the government have been reluctant accepting bitcoins and other cryptocurrency.BTC tx's are not anonymous, but pseudonymous, and the only way to achieve anonymity is through mixers or CoinJoin. BTC is legal in so many countries, and a lot of others are indifferent about it, but BTC is decentralized, so the government will see no need for it, but they simply want to regulate it for their citizens and stop them from using privacy solutions to achieve anonymity, that is why they are after privacy solutions.
and so this also the reason why they are trying to KYC those wallets and almost turn self custody as a crime. there are already bills supposedly being passed by law makers about this. but i'm not sure if its going to be approved. but governments these days are crazy, it wouldn't be surprising to see them approved.
and then they also want to tax i think 25% for unrealized gains from property investors. to which afaik, BTC is considered a property asset in US.
Here in our country, especially in the coming times, it looks like crypto enthusiasts will be taxed here, I just hope the percentage that will be deducted from our crypto earnings is not high.
There is nothing we can do because we are also ordinary law abiding citizens in that regard, although for now anonymous but once the platform we entered is regulated we have no choice but to give or pass Kyc and that's it.