Closing and reopening would prevent tax authority from forcing me to disclose past transactions.
But how? If tax authorities request someone's information, binance would likely comply.
In addtion, there's typically a data rentention policy even after we close our accounts. I got you a snippet from their privacy policy in this case:
Personal Identifiable Data collected to comply with our legal obligations under financial or anti-money laundering laws may be retained after account closure for as long as is required under such laws.
By definition:
What Is Personally Identifiable Information (PII)?
Personally identifiable information (PII) is information that, when used alone or with other relevant data, can identify an individual.
PII may contain direct identifiers (e.g., passport information) that can identify a person uniquely, or quasi-identifiers (e.g., race) that can be combined with other quasi-identifiers (e.g., date of birth) to successfully recognize an individual.
I don't see this being any different if you're a .US user, in fact, chances are, it's gonna be stricter.