Questionable wealth because of Crypto

[Desscount]

Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?

why are you so worried about all that. you can show from the investment, trade or mining. do not we have any proof of what we have done from involvement in crypto?
this is strong evidence. I am not worried about all that.

[Lorna t]

       our government here will always ask the people around .who are going to be rich instantly sometimes most will relate all to a wealth of drugs and smuggling so everyone can send as to jail for a questionable wealth and not playing taxes all will do activities we all did keep thinking that we did illegally. how do I become a rich .because of bitcoin make us think everyone will believe .I'm saying that its bitcoin that we are making the rich how will I explained for them..

[DoublerHunter]

This happen to my friend a lot of times since he is a millionaire because of the cryptocurrencies and when he tried to apply for a bank account so he can settle some of his profit for savings then the bank ask him if what is his source of income and when he told them that his source of income is from the cryptocurrencies, they rejected his application which is very unfair.

[riel123]

A lot of people have made a lot of money from crypto and a lot of them have becomes millionaires. It's their hardwork and patience paying off.

[Pan Troglodytes]

You should fill out the appropriate tax forms and disclose the reason you got wealth from and if you have any prove that you owned the crypto (so save all receipts), you will be all right. The key here is paying the appropriate taxes - after you pay taxes, then they will not bother you anymore.

[Xester]

Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?

You are questioned by the government since possibly you did not declare your assets or source of income. Before we encash our bitcoins we should declare to the banks where are our funds coming from since if you dont declare it you will be questioned by the Anti Money Laundering Commission. But if you do not want to be in trouble if you have enough money then establish a business so that they will not question you anymore.

[captain8]

Just buy things with Crypto, nobody knows how you've paid for it and then just sell the assets

[karlkino]

That's really serious, such governments shouldn't even be in existence. Anyways your trading history could help out if you're a trader and if you're into  bounties your trading history can still help you out.

[boyptc]

Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?

Show yourself to the revenue/tax agency of your country and declare how you became rich. They will believe if you will tell them that bitcoin is the reason why you became rich. Bitcoin is popular and well known nowadays so they are not going to doubt with every single word you are going to say just to clear your name and obligations.

[aisyah88]

The question that I often get from my neighbors or from relatives, who see my lifestyle getting better, of course this is a positive thing of course I tell them, in order not to think further negative about me and my small family, the first thing I told them I was trading and they knew that, so they understood what I did every night or when I started trading, the point is that when we are asked to our relatives, we must remain calm and know the meaning of Crypto , so they can also understand what we are talking about to them ...

[brushingbanner]

I would return ask them that is casino and gambling illegal? if not why the gambling currencies are becoming illegal

[Rustamm]

Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?

We only need to know the legislation of our country with respect to the crypto currency. If earlier there were no corresponding laws or other normative acts with respect to taxation of the crypto currency, there is nothing to be afraid of. It is necessary to explain directly the ways of origin of your money. It's easy to check. In addition, you should not prove the legitimacy of your behavior, and you must prove the illegality of sources of wealth.

[coinstalker23]

If you get rich because of crypto some authorities will try to meddle and ask questions about the unexplainable amount of money you have because there's a possibility that your money comes from illegal means. So you should have enough evidence and explanation that you can defend against their allegations.

[cool kong]

You just need to explain your money to the government, and encryption has been recognized by many countries.

[BlinkLifeHippo]

even if we are right then also we cant make them believe because they would deny at every cost to protect their earnings

[volleyballslenderF]

I will try to brief the working and platform and blockchain system to the Govt

[$$$sparkles$$$]

Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?

This is not a big deal really. I believe that every wallet has a transaction history whether cashing in or out. If you become rich with crypto and the authorities suddenly shows up at your door, just show them your transaction history. That would do the explaining for you.

[CryptoMoar]

In my opinion. we better focus on the work we do today. do not get busy with people who do not believe in digital currencies. and let's show the government if we can be rich and successful by utilizing blockchain technology especially to get digital currency. so the government will regret if it can not utilize blockchain technology.

[buypermajun]

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[KingScorpio]

Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?

the problem is that questionable wealth from cryptoeconomics will lead to more and more people leaving their work and moving into cryptoindustry