I currently use the Bipa app to buy Bitcoin BTC and then transfer it to my personal wallet (BlueWallet), as I believe that "neither your keys nor your coins". However, with the new 17% tax rule on cryptocurrency profits in Brazil, I'm concerned.
My questions are:
Self-custody vs. Taxation: Does keeping BTC BTC in my own wallet really protect me from being tracked by the IRS?
I know Bitcoin and cryptocurrencies to be comprehensively integrated there in Brazil, so do you intend to outsmart the RFB by scaling away from giving your trade reports to the affirmative tax jurisdiction?
However, Bipa is a regulatory Fintech that facilitates on crypto transactions, if you buys your Bitcoin there and transfers it to any other wallet whether non custodial, you wont stay fully anonymous to be off track because you would still have to give record about the Bitcoin you bought therein.
Though the asset after sent to a self custodian wallet will be safe and privately secured under your custody but due to public ledger of the Blockchain, the RFB can still have you on track in reference to your buying history with the Bipa.
Not to have the regulations get you on track you will have to acquire your Bitcoin in a decentralized network.