Questionable wealth because of Crypto

[qwirtiii]

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?

Oh, That's to scary, But why should i need to explain  them why i am become rich ? And i know the money i holding on is not from bad doing.

But if they question me ,Where did i get that money ? I could say to them that this is from bitcoin and if you dont believe me you could search it. The money i got is from the energy and knowledge that i contribute to bitcoin and this what i gain All of my money.

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[chalbinov]

Doing your taxes while providing a record of your accumulation of wealth within crypto should be sufficient in avoiding any instance of becoming suspect to involvement in illegal activities. There still are gray areas concerning the reporting of crypto assets. Governments should be given time to adjust to the existence of a new digital currency, deciding whether they should attempt to regulate or altogether ban its use for its citizens. Either way, crypto can still be successfully used if they decide to do either.

[retprogramisto]

If you want to stay safe, find p2p buyers who will give you cash for your bitcoin. Make multiple smaller transactions. No KYC, no paper trail, if you are afraid of being targeted for wealth or falsely accused. If you want to transfer your bitcoin to your bank account, document how you earned the bitcoin (print out any project descriptions, exchange logs, mining logs, forum posts, any way you can show source of transactions) and find a local lawyer who can give you better advice than here.

[Vilianms]

If investing in Bitcoin is not illegal in your country, then you can explain your source of income to them as such, but if it is a prohibited investment, then you are likely to be fined, but will not be imprisoned!

[Panetymerni]

If you pay the taxes apropriately, there is nothing to fear at all.

[hujgubgfgs]

BTC can't be blocked by governments. BTC is still legal, you keep telling them why you are rich that you invest in BTC. They can not make us so absurd, if we invest in loss, it will not affect them. If they do you, you have the right to voice your objection.

[Yusuf_Jay]

For now, it's not a concern. because bitcoin is now popular and all countries are connected to the internet. so I think you can show bitcoin and how it has been recognized by some countries. But it's different if in your country bitcoin is a prohibited currency.