Post
Topic
Board Service Announcements
Re: [ANN] Updated: Asia Nexgen Bitcoin Exchange Launched - No Fee Trading Promotion!
by
btcisreal
on 13/07/2014, 04:20:56 UTC
Got a question about the KYC policy.

Under your information page it says:
"The ANX AML and KYC policies are as follows:
Identity and proof of address documents and transaction records will be maintained for at least six years and will be submitted to regulators as required without prior notification to registered users."

A few lines below it says:
It is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and it is your responsibility to collect, report an remit the correct tax to the appropriate tax authority, regardless of jurisdiction. ANX is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting or remitting any taxes arising from any transaction, to you or any taxation, governing or third authority.

Kinda confusing. Which one is it? Do you or do you not automatically submit to the taxman/IRS (Europe for example) - or is that something myself have to do? Please clarify... Thanks.