Post
Topic
Board Altcoin Discussion
Re: Real Anonymous Coins Are Free from Restrictions
by
shinratensei_
on 03/03/2020, 08:32:06 UTC
Most of the coins are free from restrictions but the users themselves give up their anonymity while trading the coin in or out from fiat currency. This is the point where the government can really track users. If we are able to create a self sustaining market around privacy focused coins, there's no stopping it. Though real estates and large physical goods won't remain out of government radar.
You are right about the acquisition of any property. With real goods that you can touch or use anonymity is practically excluded. They will not track the currency for which the “product” was purchased, but the product itself and its current owner

And you can't avoid those circumstances as we need tangible products in everyday life. It is not that we can use virtual equipment or gadgets or virtual properties. So with these actual properties in possession, that's where we need to comply with government taxes.

Government taxes will be implemented, so if some establishment will try to skip on it I believed they're subjected by the punishment of the law. Legit products will aim a trusted users, so much better to reveal your identity once found out that you're involved with virtualized coin as part of cryptocurrency adoption.
US already implemented the taxation to the crypto users on all of the US-based major exchange sites. Those developers can be traced anytime and i think if they will never try to doa mistake to avoid the regulation. We could see what happened with some developers and they were even getting sub-poena from SEC caused by they were trying to avoid to be compliant with US regulation.
As long as we just follow all of the regulation and nothing happen with us. So many projects are being anonymous already appeared as it was getting threatened by the regulators.
It's better to keep everything transparent when it's related to the exchange site rather than taking a big risk that can make us become the next criminal.
When people wanna get their privacy and just do direct transactions that used anonymous tech and that's enough to make them all become untraceable.