Hello, community! I'm new to Bitcoin self-custody and would like some help to better understand some issues.
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?
Legal strategies: Are there ways to not declare or structure transactions to reduce impacts, since the government already collects a lot of money and it all goes to politicians' pockets?
Privacy: Should I migrate to wallets like Wasabi or Samourai (CoinJoin) to increase anonymity?
I appreciate any guidance or experience you can share!
When it comes to taxation and how to avoid and keep the government away from tracking you, self custody is the most important choice as a means of keeping your bitcoins safe, you can use other services like mi(s)ers to further increase anonymity of your address, this would help to keep the government away from tracing an address to you.
And when it comes to the time of exchange your coins, you must avoid kyc exchanges, your best shot would be to look for someone over there in your country who is interested in direct p2p, that is, he or she sends your money directly to your bank account, and you send your coins directly to rhe persons self custody wallet through mi(s)ing service.
I believe that putting all of this into practice will surely help you escape from the lion.