Bad news for those who buy on an exchange as their coins will start to leave a trace.
It's an expected development in this market with more regulations being enforced by authorities. It won't take long before people who don't pay their due taxes to regret having fully verified themselves there. I have even considered once to ask if the exchanges I am verified at offer the possibility to delete my account with all my personal information. I can't seem to find anything in their TOS, so I have to email them for real in the coming days to ask what the options are. I am actually worried, because an exchange can easily be forced to hand over user information with all trading and deposit/withdrawal logs.
Correct. Even crypto trading South Korea has implement such schemes already. They are now sharing exchanges information to their local banks. Its one way that the government can track and hunt you down for not paying taxes.
As for the US, its been reported already that only few has filed taxes for their crypto earnings that's why they step up the plate and used blockchain and tools like blockchain analysis to look for those tax evaders. Just a matter of time that US citizens can be caught, penalized and fined heavy for their crypto wealth.