FBI is going after crypto criminals.

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Avatar for francis105d1
1 year ago

If you want to sell Bitcoin Cash to others, it is illegal in the United States, you are not doing anything wrong, but you are saying no to exchanges, which means the government can't know how much Bitcoin Cash you have. So those people facilitating this must go to jail. You can still use exchanges, but you will have to pay your taxes or leave the country for one without extradition to the USA.

Video sourceĀ thecrypto6.com/static/video.mp4

Soon rich countries may impose capital control once the dollar loses its value. The government will try to make people lose weight just like all other governments. It first is money exchange without a license, meaning they want to know who is buying and how much to tax you own. But if you lose money, the government will only give you a return of up to $1500. After that, any loss is on you, but you have to provide them with 50% to 60% if you win. In other words, you are their slaves.

Let me tell you to start buying Bitcoin Cash with cash through other means because capital control and high taxes are coming. The US government will impose capital controls and high tariffs in the future once the dollar starts to lose value. That's why government loves the store of value Bitcoin Core because they know because of transaction fees, no natural person will be able to accept it as payment, and as such, you will always end up at exchanges where they will know at what price you bought and sold.

I don't have a problem with paying taxes. Still, when taxes become unfair and when the bankers and government conspire against you, the citizen to collapse the whole economy so that you become a debt slave for life, that's when I have a problem, and also when rich, influential people say things like you will own nothing. You will be happy what it means is that you will lose everything in a planned collapse, capital control, and high taxation scheme.

Suppose you think the Venezuelan government is stupid US government is no better. In that case, they will implement draconian laws, and by that time, you better be off their systems, or you will be the subsequent Venezuelan dying of hunger. The only difference will be that you are indifferent territory, a hostile natural environment, and a different language. Still, you will be another victim of their plan collapse if you don't prepare in time and have the proper knowledge.

If you plan to buy Bitcoin Cash for a long hold, don't buy at exchanges. Buy with cash, and if you must use exchanges with local fiat that know you by name, by another asset and trade that into Bitcoin Cash in a business that doesn't ask you for KYC. Any amount you buy through a KYC exchange keeps it in a different account or learns to use an electron wallet. You can separate inputs with that so that you only spend the funds in the address you receive from the exchange, use HD wallets, and keep your inputs separate from cash purchases. No KYC exchanges, tips, donations, and KYC exchanges. Ledger Nano lets you create multiple wallets that you can name for each thing you need. No one knows much you have and from, where you bought it, and what price.

You will need to do that in advance because the US government will go crazy once their money machine doesn't work, and that's why they are afraid of Bitcoin Cash because you can do all of that, which I told you before, for just pennies. For them to track you, it will cost them a fortune, and at this point, you are only separating the inputs once you use cash fusion and CashShuttle. Together with my recommendation, everything goes out the window for the govt.

Fees in the Bitcoin Cash network are cheap, so you can afford to create multiple wallets. Not financial advice and always pay your due taxes on time and honestly otherwise face the consequences.

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1 year ago

Comments

ow good to know indeed criminals need to punish it also unfair to those who really work hard in crypto world.

$ 0.01
1 year ago

I am personally in favour of tax but against legalisation of Crypto and backed by government. It is never easy to capture the culprits of Crypto but not impossible.

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1 year ago

eventually, the govt makes everything they can't tax illegal to a point that even selling gum cash becomes a criminal offense

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1 year ago