Thekid.999's avatar
Thekid.999 thekid44@zaps.lol 2 weeks ago
I was watching this prominent Bitcoin old school. He was telling people to buy a dollar worth. When there was a dollar, he said in the United States, it's illegal to sell and buy Bitcoin privately Because You gain profits and you are not reporting But this was a long time ago so im still under the impression that they can say its illegal because you "made a profit"
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TheGrinder's avatar
TheGrinder thegrinder@nostrplebs.com 2 weeks ago
But they can only do that if there is a paper trail which you can avoid p2p. It's one reason why I don't use Robosats and co. For all I know the accounts of the other person are already flagged for "whatever" and I'm not establishing paper trails with unknowns only to have the cops at my door. Most non-KYC platforms are not non-KYC because people send money from one account to another with very little means to justify those transactions.
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.'s avatar
. 2 weeks ago
The constant assumption that a private transaction means an unreported gain is always annoying. Just because I am private doesn't mean the point or the outcome is not paying my taxes. I pay my captial gains.
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