Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin being used for illegal activities
by
dunfida
on 07/11/2016, 09:48:02 UTC
If the government forces your exchange to release all your information and logs, then the exchange will kindly cooperate and supply the government with everything they need.

That is the exact reason as to why I always mix the coins that I withdraw from any exchange. I even mix the coins that I withdraw from BTC-E even though I am not verified with my private data there. I do everything to avoid the government from potentially getting any information about me and my holdings.

Governments asking the exchanges for data about certain people may seem to be a very extreme measure, but I don't take any risks. I will do everything to keep my coins outside the reach of the government and its ridiculous tax structure. They already tax people so heavily, so why should we allow them to gain more from us? I always say; Better safe than sorry.

A very  good precautionary measure of yours  there  pal.  Im doing the  same thing too  even  though  i dont posses  too  much bitcoin  but i do  have a  habit  on  mixing    my bitcoin in able to  avoid  problems  regarding  on privacy  because  these  mixing   thigns would surely help you  out not  to be traced  easily especially to those  who  hold  huge volumes  of bitcoin, as we all know  government  might  made  a step  regarding with  this taxations. Who  knows.