Replies (4)

I've thought about this interaction a lot. Here we are; two people communicating over a decentralized, censorship resistant network. No one has control over what we say to each other, unless the thing I say happens to be a bunch of numbers, which was very effectively blocked. Who exerts this control? A western government, part of the free world.
Not 'a' Western government, but the 38 countries that belong to the OECD... And not all Western countries, although most of them are. International finance is regulated, same as, say, international aviation is regulated, for the benefit of all. In theory. I've wondered if regulation is the Achilles heal of bitcoin, and I suspect it is. You might avoid being noticed by your government's tax collector, say by never using a currency exchange, but if you send or receive bitcoin, those you transact with may be noticed by their tax collectors, and through them, who they've been transacting with.
I wondered about de minimis: "De minimis exemption: If you're an individual investor with attributing interests in FIFs that cost less than NZ$50,000 in total, you do not need to calculate income under the FIF rules." That's the New Zealand threshold, which I assume applies to crypto. Others countries will differ on this I suspect.