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@ .Org Academy
2025-06-09 17:34:02
Without XYZ submitting a self report, it is impossible to know which addresses is at XYZ's custody. Basically eliminating BTC altogether, while they just make it stronger if they do that.
Even if XYZ's counter party shares information regarding a BTC transaction with XYZ. It is not known the other side of the transaction was really XYZ or the counter party itself (or its loved/hated ones) who find a chance to distract authorities and throwing their own responsibilities at XYZ. It is probably a crime if they can not prove it! The only possible way is XYZ reporting all account addresses that "are at XYZ's custody".
Therefore, the only purpose of BTC taxes is to eliminate those who breach their own privacy.