Quote from: bitmover on April 28, 2022, 05:05:23 PM

Quote from: Anonohmon on April 20, 2022, 05:06:57 AM

What about exchanges like foreign exchanges like kraken or kucoin? I hear they are less likely to cooperate with the US gov? Idk. anyone have much info on that?

I believe this depends a lot on your specific situation and on the foreign exchange situation.

Some people have more than one citizenship, or if you have an address in a foreign country.. in those situations it is very unlikely your trading information will end up with US IRS.

I also think exchanges that are not operating in US are very unlikely to send any data to US. Binance had some operations in US such as binance.us, for example.

I am not from US, I am from Brazil but I do trade in Kraken and bitstamp. I don't think they send any information to Brazil.

You are doing it for nothing. Maybe you are lucky, or maybe in a couple of years these exchanges will want to work officially in Brazil and will transfer all customer data from Brazil to your tax office. No one likes the tax people here, but you may have problems.