Are you in favor to register your BTC Wallet address to trace transactions and impose taxed it? It is a big subject now amongst lawmakers to trace down income and transaction about bitcoins. This has become the talk of the people involved in digital currency lately. So, What do you think?
Of course I'm not in favor. And who are we supposed to register with, exactly? Some government office? I don't register my bank accounts with the government. The banks are supposed to forward Suspicious Activity Reports above a certain threshold of activity or if structuring is involved, but otherwise my banking activity is none of the government's business. Why should this be any different?
Anyway, it's simply not workable, particularly with the way that Bitcoin works. Users aren't supposed to be reusing addresses, and wallets don't reuse them by default. Are we supposed to register addresses that aren't even visible in the wallet yet?!
Governments should regulate exchanges and brokers, and tax authorities should publish tax guidance. What the OP is talking about is straight out of some dystopia...