Quote from: richardsNY on July 07, 2018, 09:12:17 PM

Tax crime. Cheesy

People protecting their income and wealth is a crime by law, I constantly need to remind myself of that, which is ridiculous by itself. My worst mistake of the last years was to verify myself at Bitstamp, but I can't change the past and accepted paying due taxes over the coins that were purchased and traded through that exchange. The Coinbase case made me pay tax because there will be a day that Bitstamp and all other exchanges will be forced to hand over data to tax agencies, and maybe that's already the case. You can't take anything for granted when authorities are gaining an upper hand in the centralized ecosystem....

I'm currently enjoying the fact that my country doesn't care much about cryptocurrencies, aside from a few MP's occasionally proposing bills, so my exchange doesn't report anything to authorities for now. But I have a feeling that by the time I'll decide to sell a big portion of my coins, the laws will be there - no country is going to ignore it forever, it would be too big of a loophole. So, there are three options left to avoid taxes on our precious profits in the future: avoid exchanges and trade p2p, which has huge risks of getting robbed/scammed; hope that BTC will be used as currency so we wouldn't have to sell it; or find a country without huge taxes.