I would like to inform about purchasing on a KYC exchange.
My friend will buy $700 worth of Bitcoin on his account at NEXO/Binance, and he will send what he buys to MY hardware wallet Trezor.
He will have tax obligations and unnecessarily worries about how I will handle those specific sats he sends me?
And I am completely unconcerned because it doesn't matter to me where those sats come from? For me, it's the same situation as if I bought them peer to peer on the street for cash?

What does it mean for me?
What does it mean for my friend?

Thank you for answer