Post
Topic
Board Bitcoin Discussion
Re: The PATRIOT Act comes to cryptocurrency
by
Darker45
on 27/10/2023, 02:29:11 UTC
I'm curious now, will you, then, encourage that people don't declare their Bitcoin holdings?
I would encourage people, as I have always done, do trade exclusively peer to peer and to never complete KYC anywhere, so there are no third parties which can track all your bitcoin and share that information with anyone they like.

But can the IRS be trusted that it won't share sensitive information with its fellow government agencies? And should we decide that we won't be declaring any Bitcoin holdings, which I am doing right now, and trade exclusively peer-to-peer, are we then limited to the option of transacting face to face and on cold cash basis? Because peer-to-peer transactions which involve the likes of PayPal, bank transfers, and the rest of online payment options are almost pointless because they always ask for personal information.