This is all from the point of view of a decentralized, p2p, no kyc exchange. If you pay for bitcoin with an interac e-transfer, I have heard the bank has no idea where the money went, or at least does not know you bought bitcoin. Is this true?
Once you have bought the bitcoin, do the banks and the government know you own bitcoin? Do they tax you on that?
When you buy monero with bitcoin, do they know you now own monero, or are they just guessing that you do, in other words do they have proof that you bought monero? Do they even know you bought monero? I am eagerly awaiting an answer as I think these are fundamental questions.
Also, what is the advantage of using Bisq over other decentralized, p2p, no kyc exchanges.
I am assuming interac e-transfer is the same as EFT (electronic fund trunsfer). Am I right? In that case the bank should know where the money went. In fact they can track it even better. But they won't know what you did with this money. And yeah, banks won't know you bought bitcoin. Honestly they don't give a fuck what you do with the money. It's the government that gives all the fuck. Make a huge bank transaction (>$10k), your bank will report. You won't even know. Keep making transactions like this, you will be on the radar. They will eventually know what you are doing with those bitcoin. Even if you buy Monero, they will get you as long as you use a centralized exchange.