Post
Topic
Board Legal
Re: Not Declaring Bitcoin Income
by
bryant.coleman
on 26/10/2017, 08:10:37 UTC
You can always go the localbitcoin route and trade it for FIAT in person without a bank.

But the record will exist in Localbitcoins, right? And nowadays, LBC is asking for tier 2 verification, which includes ID documents and other details. I would advice anyone who doesn't want to pay taxes on Bitcoin profits to travel to a country like Thailand or Indonesia, and then sell their coins for fiat cash.