Altcoins Talks - Cryptocurrency Forum

Further Discussions => Legality & Taxation of Cryptos => Topic started by: ZionRTZ on August 25, 2019, 08:24:25 PM

Title: Centralized Exchanges giving out information to government for tax purposes
Post by: ZionRTZ on August 25, 2019, 08:24:25 PM

As the title says, government authorities can easily get your personal information from these centralized exchanges (CEX). If you have been using a lot of these CEX and have submitted info for KYC verification, expect the government to know more about your income from crypto.


Here is an example of what I'm talking about https://cointelegraph.com/news/internal-revenue-service-sends-new-round-of-letters-to-crypto-holders