Quote from: TinaK on Today at 08:02:52 PM

Quote from: gunrs17 on September 08, 2021, 01:52:57 PM

Just interested to hear people's reasoning for wanting NON-KYC bitcoin. Im guessing its so that one can deny ownership from "the man"

Bitcoin was created for financial freedom, for privacy purposes, and this interpretation will keep addressing not to use KYC procedures while accepting cryptocurrency and bitcoin is the best example for that. The reason is you can hide your profit and such thing there are bad guys hiding behind on bitcoin and since our government was against fraud since the start and bitcoin a tool for them that is why there is need a KYC in most country. Tax evasion was the most common case that I found why they are hiding their asset on bitcoin.

You're not gonna successfully tax evade millions in Bitcoin, though. I guess yes, for small amounts, but nothing larger.
I get it for privacy and anonymity, but you must declare holdings or profits, depending on jurisdiction, with larger amounts to not land in jail.