Bitcoin Forum

The shift in my approach stems from changes in circumstances. Previously, I engaged in crypto trading, but now I prefer utilizing peer-to-peer transactions.

In practical terms, my government has the authority to request a comprehensive record of my transactions. While I am comfortable with them scrutinizing my recent activities, I am concerned about an extensive retrospective investigation spanning a decade, which is not possible with tokocrypto.

Once a account is completed on tokocrypto, it is final. No further access is granted.

In contrast, platforms like Binance pose another consideration. If confronted by tax authorities demanding transaction details, I might opt to close the account. Given the limitations of my country's legal power to pursue or obtain a warrant for my account, and considering the absence of any significant misconduct on my part, this seems a viable strategy.

Okay? This has nothing to do with Currency exchange section and are you sure this isn't a botted account posting nonsense?

Why don't you just pay up the tax instead of going through the trouble of playing hide and seek with the tax authorities? Is it worth hustle? Because I don't think it is.

I don't think Binance will just let you close and then reopen a new account at any time you want. I believe when you close the account, there is still a large amount of data about your account they retain for a very long time. So don't think by just closing your account, they will instantly erase everything and you will have covered your tracks.