You need to flood these idiot regulators with comments... https://www.standwithcrypto.org/ https://treasuryraid.lexpunk.army/ Comment deadline Nov. 13: https://x.com/CryptoTaxGuyETH/status/1716812425989910689 https://cointelegraph.com/news/irs-proposes-unprecedented-data-collection-cr... https://www.regulations.gov/document/IRS-2023-0041-0001 https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-... I see tons of comments in this thread along the lines of "it doesn't matter, they'll do whatever they want anyways." This is not true. First, they have to process all the comments, per the Administrative Procedure Act. This takes time and effort and at a minimum will delay implementation. Second, if they blatantly ignore a large number of substantive comments the regulation will be easier to challenge in court once implemented. (And you can be certain this one will be challenged in court if it gets implemented as is, if only because it's so broad and unclear.) And third, if they get a huge amount of outcry there's a chance they realize they're on thin ice and will at least remove the worst aspects of the regulation. So please don't be complacent and defeatist. This is a moment where you can make a difference. It only takes a few minutes to send a comment in and/or call your representative. The website standwithcrypto.org shows how to do it quickly. The proposed regulation is here: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions This is devastation overbearing regulation that will require all CEXs, DEXs (ALL DeFi) to track to KYC/AML all US based customers. Expect most DeFi to leave the US if this occurs. If approved it will go into affect staring January 2025 - only 14 months from now. Thanks https://ihodl.com/topnews/2022-09-02/dydx-introduces-new-kyc-verification-fa... [–]cyger[S] 4 points5 points6 points 6 hours ago (1 child) Thank you, I can completely agree. I can't believe the # of people willing to just bow down to the IRS and let them do whatever they want with their privacy. permalink embed save parent report reply [–]synthetichills -3 points-2 points-1 points 5 hours ago (0 children) Only people bowing down are the ones who use transparent chains, I couldn’t give a fuck what the irs wants to do permalink embed save parent report reply [–]throwawayainteasy 2 points3 points4 points 2 hours ago (1 child) I used to work at a government regulatory body. I can vouch for them taking some comments seriously. If your comment is along the lines of "fuck you" or "this is contrary to what defi is for!" or "facists!" or anything pointless like that, yeah, they'll ignore it. If you can explain, dispassionately and based on actual facts, why their proposal will be ineffective or counterproductive at achieving their stated goals, is outside the scope of their statutory authority (based on their actual governing legislation and judicial precedent, not hand-waiving crap just talking about the constitution), or would be in conflict with other established regulations, then they'll take it really seriously and try to either explain why they disagree or incorporate you comment into how they implement any final rule. The system actually works, especially with relatively small agencies. The biggest problem is there's lots pointless, garbage comments that get made because lots of commenters think they're smarter than they really are and say either meritless, pointless garbage, or give what would be actual insightful comments but they are wholly unaware of the actual regulatory structure of the government (as in, governing legislation, administrative laws, precedent, etc). permalink embed save parent report reply [–]serialmentor 0 points1 point2 points 1 hour ago (0 children) Thanks for providing this insight. Have you looked at the comments generated by the AI tool (https://treasuryraid.lexpunk.army/)? Do they look reasonable? permalink embed save parent report reply [–]AutoModerator[M] 0 points1 point2 points 8 hours ago (0 children) Here is a Nitter link for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found here. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. permalink embed save parent report reply [–]kirtash93Crypto Ash Ketchum 12 points13 points14 points 10 hours ago (2 children) Fortunately I live in Europe but I encourage US citizens to fight for the rest of us because this can be the first movement in a domino effect. permalink embed save report reply [–]Lillica_Golden_SHIB 2 points3 points4 points 8 hours ago (0 children) Exactly this. If that is approved then it won't take long for me to see it being rolled out here to Brazil. permalink embed save parent report reply [–]ArpFlush 2 points3 points4 points 8 hours ago (0 children) Not much better in the EU (DAC8 etc.) permalink embed save parent report reply [–]Interesting-Month-56 21 points22 points23 points 9 hours ago (5 children) Surprise! Blockchain, designed to create trust in transactions while maintaining anonymity… doesn’t maintain anonymity, rather it creates a tool for government to monitor your every transaction. Didn’t see that coming at all… permalink embed save report reply [–]Mr_Carry 5 points6 points7 points 8 hours ago (3 children) Sort of. It can only maintain anonymity up until a point of KYC. Then it's a guessing game of "follow that transaction"--with no verifiable evidence of who owns which address. That said: the end game of blockchain money is not KYC. It's blockchain money. There will come a day--and i think sooner than we think--where everyone realizes money is broken and crypto is actually just way more convenient. permalink embed save parent report reply [–]megamaid12 0 points1 point2 points 6 hours ago* (1 child) A computer can work that in less time than it takes to render this page. Correlation is trivial at scale. permalink embed save parent report reply [–]Mr_Carry 0 points1 point2 points 6 hours ago (0 children) Correlation is trivial at scale. Not in a legal sense it's not. Beyond the KYC address, you still have to prove ownership of some or many of the addresses in the chain of transactions to reasonably establish who the addresses belong to. permalink embed save parent report reply [–]AvatarOfMomus 0 points1 point2 points 4 hours ago (0 children) That's not how laws work mate... if the US government says "you need to do these things or you're violating the law" and a Blockchain system says "I am incapable of doing those things by design!" the response of government isn't "well darn, oh well" it's "Cool, you're illegal now. Banned." Also nothing about Blockchain is more convenient than modern digital banking and credit cards for like 99% of people... permalink embed save parent report reply [–]J-96788-EU 7 points8 points9 points 5 hours ago (0 children) It is a shame no one had invented Monero... permalink embed save parent report reply [–]Nirbhik 4 points5 points6 points 5 hours ago (1 child) Keep calm, fuck the IRS and use Monero permalink embed save report reply [–]trash_pickles 2 points3 points4 points 3 hours ago* (0 children) Monero addresses all of the privacy concerns that are steadily growing as crypto adoption and attempts at regulation continue to rise. permalink embed save parent report reply [–]Sadistica6 2 points3 points4 points 8 hours ago (0 children) Invasion of privacy, Spying, assholes half tempt me to move!!! permalink embed save report reply [–]Mr_Carry 2 points3 points4 points 8 hours ago (4 children)

Expect most DeFi to leave the US if this occurs.

DeFi was never meant for being beholden to regulation. permalink embed save report reply [–]VinceP312 2 points3 points4 points 5 hours ago (3 children) That's a good one. "Hey Government, I'm doing this new thing over here. But it's not meant for you. So there" permalink embed save parent report reply [–]Mr_Carry 1 point2 points3 points 4 hours ago (2 children) I don't think you understand DeFi. It can be regulated about as well as media piracy--they try, and they pass laws and some people comply, and some people go to jail. But it's still accessible and easy, and out of the reach of an increasingly over-reaching security state. That's always been the whole point. permalink embed save parent report reply [–]basic_user321 0 points1 point2 points 2 hours ago (1 child) Uuum. Didn't 1inch implement kyc recently? permalink embed save parent report reply [–]Mr_Carry 0 points1 point2 points 2 hours ago (0 children)

they try, and they pass laws and some people comply, and some people go to jail.

some people comply

some people

some

But regardless 1inch is only one of many. permalink embed save parent report reply [–]Ima_Wreckyou 2 points3 points4 points 6 hours ago (2 children) If it's actually decentralized there is nothing to fear, you expected this and you prepared for it. If it's not decentralized.. Well you're fucked... permalink embed save report reply [–]cyger[S] 1 point2 points3 points 5 hours ago (1 child) Decentralized is still on chain. This is exactly what this rule is targeting. They actually want your DeFi provider to KYC you. Read the rules if you don't believe me. permalink embed save parent report reply [–]Ima_Wreckyou 6 points7 points8 points 5 hours ago (0 children) If it's actually decentralized then the "DeFi" is just a smart contract and no one can add KYC. If you can, then it's not decentraliced and hence it's not really DeFi. This doesn't add KYC to DeFi, what it does is make actual DeFi illegal in the US and criple their fintec industry for years by removing access to new more efficient technology. permalink embed save parent report reply [–]totalolage 2 points3 points4 points 6 hours ago (0 children) Use this too to easily generate and submit a comment: https://treasuryraid.lexpunk.army permalink embed save report reply [–]thomasnicole7 2 points3 points4 points 5 hours ago (0 children) Typical government overreach. We need less regulation, not more. This could really hurt crypto adoption. permalink embed save report reply [–]Michichael 7 points8 points9 points 9 hours ago (3 children) Cute that you think the citizenship has any influence over what the tyrants want to do. permalink embed save report reply [–]cyger[S] 3 points4 points5 points 6 hours ago (1 child) It does matter, it has changed rules in the past. permalink embed save parent report reply [–]Michichael 3 points4 points5 points 6 hours ago (0 children) Citation needed. I'd love to see a single example of the IRS backing off of a rule that, in doing so, benefited anyone that wasn't a millionaire. permalink embed save parent report reply [–]Inaeipathy 0 points1 point2 points 2 hours ago (0 children) It's cute that they think it's not already happening. permalink embed save parent report reply [–]trxrider500 9 points10 points11 points 9 hours ago (4 children) They’re going to pass this “rule”. No amount of comments will stop them. This isn’t a law. It’s an agency rule. An executive agency in the US can arbitrarily pass any rules they want. Remember net neutrality? permalink embed save report reply [–]serialmentor 4 points5 points6 points 8 hours ago (0 children) Comments may not stop them, but they will delay them. They have to process all the comments that are filed. I've seen estimates that every 1000 comments can delay implementation by a year. Also, comments can make a difference in a later legal challenge of the rule. So please don't be complacent. It makes a difference whether you speak up or not. permalink embed save parent report reply [–]Lillica_Golden_SHIB 3 points4 points5 points 8 hours ago (0 children) This isn’t a law. It’s an agency rule. An executive agency in the US can arbitrarily pass any rules they want. This, sadly. My ass they will "listen" to citizens... permalink embed save parent report reply [–]CryptoChief -1 points0 points1 point 5 hours ago (1 child) "Net Neutrality" would have required additional government intervention. Therefore, It wouldn't have been neutral. permalink embed save parent report reply [–]trxrider500 0 points1 point2 points 3 hours ago (0 children) You can’t be that dense permalink embed save parent report reply [–]aminok 1 point2 points3 points 5 hours ago (3 children) Can you please post this in /r/EthTrader? I'll sticky it. permalink embed save report reply [–]cyger[S] 0 points1 point2 points 3 hours ago (2 children) No, because the cross posting rules from /CryptoCurrency are tough. But you are welcome to copy and paste and post it word for word. permalink embed save parent report reply [–]aminok 0 points1 point2 points 3 hours ago (1 child) Just to clarify, /r/CryptoCurrency rules say you can't create a new post in a different subreddit with the same text as a post in /r/CryptoCurrency? permalink embed save parent report reply [–]cyger[S] 0 points1 point2 points 1 hour ago (0 children) I can't link to this post from another reddit thread, but you might be able to. I've not memorized the rule book, but I've been banned for 2 months previously for cross posting, so not taking any chances. permalink embed save parent report reply [–]gr8ful4 1 point2 points3 points 4 hours ago (0 children) All "DEX" but bisq. You guys still need to learn what decentralization is about and that "DEX" built on Ethereum and other smart contract chains may look more sexy and convenient at first than those built as P2P networks similar to bittorrent, but they more often than not have a CEO and a company or a foundation behind them taht will be pressured by big government. Simply stop using pseudo DEX. permalink embed save report reply [–]Tipyapha 1 point2 points3 points 6 hours ago (0 children) The US is a hysterical nation. permalink embed save report reply [–]CRTsdidnothingwrong 1 point2 points3 points 8 hours ago (3 children) Damn, it seems like your crypto must have a problem if the IRS can monitor your on chain activity. I don't have a problem with them using all the tools they have to enforce the tax laws. If you want the laws changed, change those not hamstring the enforcement. If you don't want your on chain activity monitored, try using crypto that would prevent that. Don't use plain public ledger crypto and then say "aww man, the government can't look at this public information I'm putting out there, that's not fair". permalink embed save report reply [–]cyger[S] 0 points1 point2 points 6 hours ago (2 children) Easy to say, then next they will ban your privacy coin, what is to stop them? permalink embed save parent report reply [–]synthetichills 1 point2 points3 points 5 hours ago (0 children) They can ban Pythagoras theorem, doesn’t mean they can enforce it. permalink embed save parent report reply [–]CRTsdidnothingwrong 0 points1 point2 points 5 hours ago (0 children) Idk, I live in America not the communist EU. permalink embed save parent report reply [–]liquid_at 3 points4 points5 points 10 hours ago (0 children) iirc, crypto was intended as an alternative to corrupt markets. Those having been early in crypto now wanting to turn crypto into what the CeFi world already is, a corrupt market full of criminals, seem to have forgotten that, but accidentally discovered how billionaires think. Crypto is intrinsically public. It's a feature, not a bug. If you do not trust your government, move to a country where you trust the government. Crypto will not change your issues with your own government. The only thing that changes issues with your government is an election. Don't try to turn national problems into a global problem. permalink embed save report reply [–]I_talk 0 points1 point2 points 1 hour ago (0 children) This is why low cap PoW privacy coins are the hidden gems and talking about them gets removed. BitcoinZ is my favorite. permalink embed save report reply [–]HispidaAtheris -1 points0 points1 point 9 hours ago (1 child) They will do this regardless. This is the reason why they are ready to embrace crypto in the first place, it's way easier to track than regular transactions. permalink embed save report reply [–]cyger[S] 1 point2 points3 points 6 hours ago (0 children) So you bow down to government for every crazy rule the propose? We should demand privacy with our peer to peer transactions. permalink embed save parent report reply [–]Instantbeef -1 points0 points1 point 10 hours ago* (2 children) I haven’t read it but wouldn’t it be simpler to do it on the wallet side if they wanted to do this? Wallet providers KYC you before giving you a wallet. That way defi doesn’t need to do shit, wallets are not protocols but businesses, and then it would no peer to peer transactions too for money laundering. I don’t think either is necessary. Especially if the government thinks it’s worthless lol. permalink embed save report reply [–]cyger[S] 1 point2 points3 points 6 hours ago (1 child) Sometimes I set up test wallets, one time wallets for a layer 2 or just to experiment. Needing to KYC for a wallet is an overreach in my opinion. Would you want the IRS to know what is in the wallet in your pants at all times, and what you spend your cash on in every case? permalink embed save parent report reply [–]Instantbeef 0 points1 point2 points 6 hours ago (0 children) Totally correct, I guess I was speaking from the point of view of the government lol. I don’t want any of it. From my perspective it is all an overreach. But wouldn’t KYCing wallets better do what they are trying to do lol? permalink embed save parent report reply [–]Jlt42000 -1 points0 points1 point 1 hour ago (0 children) This is needed regulation for mass adoption. If you aren’t evading taxes or making illegal purchases it won’t even have an effect on you. permalink embed save report reply [–]CryptoNerdSmacker -3 points-2 points-1 points 8 hours ago (1 child) And this, ETHlords, is where you realize you fucked up. permalink embed save report reply [–]rocket_beer -2 points-1 points0 points 8 hours ago (0 children) OP u/cyger, You’re missing the point. They designed the bill so that they can do this! We have to first find a candidate that has our views. You are asking the group of people who drew this up to change their minds? Ludicrous! We need to have candidate understand our positions. Not the other way around… permalink embed save report reply [+]PapaOscar90 comment score below threshold-9 points-8 points-7 points 9 hours ago (0 children) Speak up for it. KYC everything. Stop the criminals. permalink embed save report reply [–]StrangeInsight 0 points1 point2 points 10 hours ago (7 children) Why would they need DEXs to do this? If it's on an exchange you have ingress and egress info... What am I missing? permalink embed save report reply [–]cyger[S] 3 points4 points5 points 10 hours ago (6 children) That is why this rule is so devastating, it is written to apply to DEXs with the US claiming it is to prevent money laundering of bad actors. permalink embed save parent report reply [–]ArchmageXin -3 points-2 points-1 points 9 hours ago* (5 children) So? All Banks and Financial institutions have to do the same. If cryptos DEXs claim to be a legit institution and not just "pass criminal/terrorist money", then it have to be held to the same standard. permalink embed save parent report reply [–]Raikaru 2 points3 points4 points 9 hours ago (3 children) Where did you read the word CEX? permalink embed save parent report reply [–]ArchmageXin -3 points-2 points-1 points 9 hours ago (2 children) Sorry, DEX. Coffee haven't kicked in yet. permalink embed save parent report reply [–]Raikaru 4 points5 points6 points 9 hours ago (1 child) Which DEX claims to be an institution? DEXes run on chain without any input from anyone. Even if the founders died the DEX would still work fine. permalink embed save parent report reply [–]ArchmageXin -4 points-3 points-2 points 8 hours ago (0 children) Then it is probably illegal in the US? permalink embed save parent report reply [–]cyger[S] 1 point2 points3 points 6 hours ago (0 children) DEXs simply allow peer to peer trading, which we should be allowed to do privately. permalink embed save parent report reply [–]anythingbutwildtype 0 points1 point2 points 8 hours ago (0 children) On another note, FinCEN has a rule to regulate single use wallets and mixers/coin join out of existence. This is currently up for public comments, but it is clearly asking for banking and financial comment, not retail (as if they give a damn what we think): https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-... permalink embed save report reply [–]commonsenseulack 0 points1 point2 points 4 hours ago* (0 children) I love people here believing defi will last. Governments won't allow it unless they have a way to track it all and/or get their cut. That is really what it comes down to. US government acts like mobsters in this regard. Crypto will usher in extreme tyranny, not freedom. Look at events worldwide. There is a huge push to put up cameras in a ton of cities across the world for crime and green energy use (monitoring us). In this little town next to me, literally a few thousand people they are installing cameras on majority of the streets to "help reduce crime". Lmao, ok sure.... it is a very Progressive town, filled with wealthy people (average home is between 900k-1m), and the crime is minimal.... We are watching our freedoms be destroyed right infront of us. permalink embed save report reply [–]BrocoliAssassin 0 points1 point2 points 3 hours ago (0 children) Love how we are always led to believe there is nothing you can do against the wealthy and yet the IRS is trying to make every single of crypto access point KYC’d/AML. They were super quick to get that going and yet with trillions in debt theres been barely anything done. permalink embed save report reply [–]gandrewstoneOfficial Nexa 0 points1 point2 points 3 hours ago (0 children) I'm not seeing where it requires KYC on DEXes... but its a lot to read. Can you cite that to save us all a lot of pain? permalink embed save report reply [–]Racecarlock 0 points1 point2 points 2 hours ago (0 children) So, the dollar's gonna collapse and you guys just expect the government to switch to a currency with very spotty regulations and no taxes or tracking? How high are you guys? permalink embed save report reply [–]tsuiteruze 0 points1 point2 points 2 hours ago (0 children) wow, did you know dYdX requires KYC including a face scan. They cannot be considered as a DEX.https://ihodl.com/topnews/2022-09-02/dydx-introduces-new-kyc-verification-fa... permalink embed save report reply [–]goldenbuyer02 0 points1 point2 points 1 hour ago (0 children) I am all for KYC everywhere. Crypto space has enough scams and anonymity helps them become even more. permalink embed save report reply [–]tdempsey33 [score hidden] 39 minutes ago (0 children) KYC is the ONLY way you will get mass adoption and moonshot valuations. permalink embed save report reply [–]somedudenamedjason [score hidden] 10 minutes ago (0 children) Thanks for the heads up. Went and commented. Fuck this dusty, ass backwards country. [–]Smiling_Jack_lockchain Old Guard 125 points126 points127 points 1 day ago (7 children) The year is 2023. This is entirely precedented lol We've been living in a data collection dystopia since at least 2001. permalink embed save report reply [–]SoggyChilliBuy high, sell low 29 points30 points31 points 1 day ago (6 children) They've been collecting it but didn't know to use it properly. AI is going to change that in the very near future permalink embed save parent report reply [–]sudomatrix 19 points20 points21 points 23 hours ago (5 children) Fuuuuuuck. "AI: make a list of everyone who donated to this cause. Now make a list of everyone who had a crypto transaction with a person on the first list. Now cross-reference the transactions with the records from vendors and merchants to de-anonymize the people. Send that list to enforcement. Let's make some examples." permalink embed save parent report reply [–]RaYZorTech 6 points7 points8 points 21 hours ago (1 child) Bitcoin bad... Monero good. permalink embed save parent report reply [–]EndSmugnorance 0 points1 point2 points 6 hours ago (0 children) MONERO GOOD permalink embed save parent report reply [–]SoggyChilliBuy high, sell low 0 points1 point2 points 11 hours ago (2 children) Yeah it can also make things like sending a text message to buy drugs actually get you caught permalink embed save parent report reply [–]sudomatrix 0 points1 point2 points 5 hours ago (1 child) You have a lot more blind trust in people than I do if you think these abilities will only be used for good purposes, and will not be abused. permalink embed save parent report reply [–]SoggyChilliBuy high, sell low 0 points1 point2 points 5 hours ago (0 children) I'm not saying it will be good permalink embed save parent report reply [–]coinfeeds-botApproved CC Bot 24 points25 points26 points 1 day ago (0 children) tldr; The IRS has proposed new data-collection requirements for cryptocurrency users, as mandated by the Infrastructure Investment and Jobs Act. While the proposal is not as severe as it could have been, it still raises concerns about privacy and financial surveillance. The IRS's approach focuses on whether businesses have the ability to collect customer information, rather than whether they actually do. This expansion of financial reporting requirements is part of a broader trend in the US government. However, it is important to question the premise of such surveillance and protect individuals' privacy rights. Ultimately, the responsibility to reform the system lies with Congress. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. permalink embed save report reply [–]chocolateboomslang 9 points10 points11 points 21 hours ago (0 children) Irs can't find a few billionaires but they're going to chase you guys for pocket change. permalink embed save report reply [–]Lillica_Golden_SHIB 74 points75 points76 points 1 day ago (8 children) IRS can go fuck itself. permalink embed save report reply [–]Yautja69 28 points29 points30 points 1 day ago (4 children) So can Reddit while we are at it permalink embed save parent report reply [–]SarcasticImpudent 5 points6 points7 points 21 hours ago (2 children) Wait… Reddit can fuck itself or the IRS? permalink embed save parent report reply [–]Yautja69 4 points5 points6 points 16 hours ago (0 children) They can both go fuck themselves permalink embed save parent report reply [+]938h25olw548slt47oy8 comment score below threshold-10 points-9 points-8 points 21 hours ago (0 children) You can leave at any time. permalink embed save parent report reply [–]DistributionAlive192 1 point2 points3 points 22 hours ago (0 children) Well the money they got, did go to fucking.... just might not be itself permalink embed save parent report reply [–]gr8ful4 2 points3 points4 points 1 day ago (0 children) No, they will fuck you if you don't use DEX to aquire noKYC Monero. There will be a hard landing for 99% of "crypto investors" including most Bitcoin maxis. permalink embed save parent report reply [–]AlternativeCredit -1 points0 points1 point 20 hours ago (0 children) For doing it’s job? permalink embed save parent report reply [–]Soft-Engineering-460 17 points18 points19 points 1 day ago (2 children) They can absolutely collect DEEZ NUTS! permalink embed save report reply [–]SimbaTheWeasel 2 points3 points4 points 22 hours ago (1 child) Careful friend, there’s probably an actual tax for that permalink embed save parent report reply [–]PracticalLavishness 2 points3 points4 points 17 hours ago (0 children) DEEZ ROTH NUTS permalink embed save parent report reply [–]BrocoliAssassin 25 points26 points27 points 1 day ago (8 children) "The Biden administration estimated that only $2 billion would be received over the next 10 years." An entire 2 billion in 10 years!! After all that nonsense Biden and Warren spewed out of their mouths this is the big tax evasion that's contributing to our 33 trillion + debt?? Pure clown show. permalink embed save report reply [+]AlternativeCredit comment score below threshold-11 points-10 points-9 points 20 hours ago (4 children) Spoken like a true idiot. permalink embed save parent report reply [+][deleted] 20 hours ago (2 children) [deleted] [+]AlternativeCredit comment score below threshold-6 points-5 points-4 points 20 hours ago (1 child) Keep trying to learn basic economics kido. permalink embed save report reply [–]Put-the-candle-back1 0 points1 point2 points 7 hours ago (0 children) this is the big tax evasion No, it's the portion they expect to catch. permalink embed save parent report reply [–]ricozuriPlatinum | QC: CC 25 5 points6 points7 points 1 day ago (0 children) WTF. In this instance, wish that this article was truly unreliable. But, it isn’t. Once again they pass and sign a bill that sounds all warm and fuzzy about infrastructure. And of course, at the last minute they tack on onerous KYC crypto provisions so they can squeeze out every last cent from taxes. permalink embed save report reply [–]SoggyChilliBuy high, sell low 10 points11 points12 points 1 day ago (5 children) I keep saying that I'm only going to buy XMR on CEXs and do all other trading via dex but I haven't yet. Maybe starting in 2024 I will permalink embed save report reply [–]SimbaTheWeasel 2 points3 points4 points 22 hours ago (1 child) Which CEX? Don’t most CEXs have KYC? permalink embed save parent report reply [–]SoggyChilliBuy high, sell low 3 points4 points5 points 22 hours ago (0 children) Yeah, they would only know how much I bought and sold which would only be XMR permalink embed save parent report reply [–]cyger 0 points1 point2 points 10 hours ago (2 children) This bill is aimed at Dex's/DeFi. All Dex's will also need to KYC you if in a US jurisdiction if this rule goes through. permalink embed save parent report reply [–]SoggyChilliBuy high, sell low 1 point2 points3 points 10 hours ago (1 child) Impossible permalink embed save parent report reply [–]cyger 0 points1 point2 points 10 hours ago (0 children) Read the proposed IRS rule here: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions permalink embed save parent report reply [–]sluggz9 13 points14 points15 points 1 day ago (0 children) The irs can come pry my tokens and my identity from my cold dead anonymous hands permalink embed save report reply [–]sn0wballa 13 points14 points15 points 1 day ago (2 children) KYC enthusiasts, look what you've laid the bricks down for. Satoshi is rolling in his grave watching all this dumb sht unravel.. what this project really could've been.. permalink embed save report reply [+][deleted] 22 hours ago (1 child) [deleted] [–]devilldog 0 points1 point2 points 19 hours ago (0 children) For sure. That sort of thing should be reserved for governmental use only... permalink embed save report reply [–]FSUAttorney 9 points10 points11 points 1 day ago (0 children) The government is fantastic at spending a dollar to make a dime. That's about all it can do well permalink embed save report reply [–]fairysquirt 3 points4 points5 points 1 day ago (0 children) They just want to build a legal framework around what they are already doing permalink embed save report reply [–]Do_u_ev3n_lift 6 points7 points8 points 23 hours ago (0 children) Dude. Fuck the IRS. Seriously.. permalink embed save report reply [–]xxdibxx 2 points3 points4 points 17 hours ago (0 children) In other words ,” we have all this data that we legally cannot use, let’s announce we want to collect info for the potential of collecting lots of money from rich non-reporters. Then we can use it and screw the normal people”. There. i fixed it for you. permalink embed save report reply [–]fnetma 2 points3 points4 points 17 hours ago (0 children) Seems like a breach of the 4th amendment permalink embed save report reply [–]Novel-Counter-8093 5 points6 points7 points 1 day ago (0 children) straight outta cyberpunk permalink embed save report reply [–]gr8ful4 7 points8 points9 points 1 day ago (2 children) MONERO permalink embed save report reply [–]DadofHome 0 points1 point2 points 1 day ago (1 child) Ring signature is a beautiful thing . permalink embed save parent report reply [–]SimbaTheWeasel 0 points1 point2 points 22 hours ago (0 children) I love the moon count homie 🤝 permalink embed save parent report reply [–]phoenix_73 4 points5 points6 points 1 day ago (0 children) No surprises there really is there. Is all about control. The US and UK similar. permalink embed save report reply [–]yeahdixon 1 point2 points3 points 16 hours ago (0 children) They won’t let it be legal without being able to tax it . permalink embed save report reply [–]MyMoMrEgReTs 1 point2 points3 points 1 day ago* (0 children) They want to catch Snowden so bad bro They can fuck themselves tho permalink embed save report reply [–]tianavitoli 2 points3 points4 points 22 hours ago (1 child) IRS: yo dawg we heard you liked crypto... me: ... IRS: so what's up, you know holden? me: what? IRS: holden caulfield bitch proceeds with the violence IRS: stop hitting yourself, why would you do that, you know you don't have to give us your wallet, you can stop at anytime you know that right. now there there remember to file your w-2's n***a, you don't want us to have to come back here and give you your refund bitch permalink embed save report reply [–]SimbaTheWeasel 2 points3 points4 points 22 hours ago (0 children) 😂 aye dawg this is out of pocket permalink embed save parent report reply [–]ILoveYouGrandma 3 points4 points5 points 1 day ago (1 child) F-ck the IRS, now and forever. permalink embed save report reply [–]SimbaTheWeasel 1 point2 points3 points 22 hours ago (0 children) Lots of hate in this comment, but lots of love in the username permalink embed save parent report reply [–]SetoXlll 1 point2 points3 points 23 hours ago (0 children) They can collect THESE FUCKING NUTS! permalink embed save report reply [–]DingDongWhoDis 2 points3 points4 points 1 day ago (2 children) https://www.boats.com/boats-for-sale/?class=power-highperf permalink embed save report reply [–]DingDongWhoDis 0 points1 point2 points 23 hours ago (1 child) I'm still constantly downvoted in this sub. Did I step in something?? permalink embed save parent report reply [–]AlternativeCredit -3 points-2 points-1 points 20 hours ago (0 children) Clearly people trying to hide income here. permalink embed save report reply [–]couple4hire 0 points1 point2 points 23 hours ago (0 children) its called blockchain analysis, while it is tedious and time consuming work. A AI system that don't sleep and can run millions of calculations in seconds can follow a user blockchain from the time of wallet creation to present day is a matter of days depending on their usage history permalink embed save report reply [–]Ab2us 0 points1 point2 points 22 hours ago (0 children) Can I take my bags with me to Kenya? permalink embed save report reply [–]Soft-Engineering-460 0 points1 point2 points 22 hours ago (0 children) Yeah probably...lol permalink embed save report reply [–]look-at-them 0 points1 point2 points 13 hours ago (0 children) I'm starting to think the IRS can't be trusted! /s (just in case) permalink embed save report reply [–]jwz9904 0 points1 point2 points 12 hours ago (0 children) unreliable source....... permalink embed save report reply [–]Nirbhik 0 points1 point2 points 9 hours ago (0 children) fuck the IRS…hodl in XMR permalink embed save report reply