Bitcoin Forum
January 15, 2026, 06:37:27 PM *
News: Latest Bitcoin Core release: 30.2 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: KYC Requirement Getting Stricter Under the umbrella Of Tax  (Read 477 times)
wiss19
Sr. Member
****
Offline Offline

Activity: 2688
Merit: 365



View Profile
January 10, 2026, 12:21:51 PM
 #41

Excellent insights. Honestly, I feel that it was inevitable. Crypto was largely anonymous because governments didn't see it as a threat in its initial days. Now that the market is big, they are obviously trying to control everything because they want taxes on it. They have been doing it for decades. Sites like Liberty Reserve were a good example. They let it become big enough to be worth taking over. I'm not sure what happened with BTC-e, but it might be the same.

Good thing that DEX exist but unfortunately, even they can't stay unregulated for long. Once the government sees that it's a thorn for them, they will easily take over. Honestly, anything that exists on the web is controllable for them, so how far can you really run?

Abiky
Legendary
*
Offline Offline

Activity: 3808
Merit: 1487


www.Crypto.Games: Multiple coins, multiple games


View Profile
January 11, 2026, 01:23:02 AM
 #42

This is just how it is.

The government will do anything to put KYC requirement for tax purpose because they know crypto has huge volume and most of the activity are taxable event.

They are most likely to pursue it until you're fully compliant about taxes, right now it's cex, in the future maybe dex that supposedly non KYC. So, expect more to come.

Some countries even already require you to write the self custody addresses you used for tax purpose.

Non-KYC DEXs becoming KYC-compliant? Good luck with that. If there's a DEX that does such a thing, it can't be called a true DEX. More like a hybrid exchange combining centralized and decentralized infrastructure. I understand governments want to prevent tax evasion. But too much regulations will ultimately hinder the growth of the industry as we know it. Privacy and freedom will be literally non-existent in crypto.

Thanks goodness we have truly-decentralized and private alternatives to almost everything. With Monero and atomic swaps, what more can we ask? It'll be impossible for governments to mess this up. I hope more people get to use non-custodial and decentralized solutions to help tackle governments' attempts to ruin privacy and freedom. We'll see what happens in the future.

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
Satofan44
Sr. Member
****
Offline Offline

Activity: 266
Merit: 921


Don't hold me responsible for your shortcomings.


View Profile
January 11, 2026, 12:30:16 PM
 #43

Privacy is already a mythical for most people. We just did not notice because the transition was slow, but then all at once. CARF is the all at once part. 48 Countries starting in 2026, another 27 in 2027.
It is not due to the absence of options and tools, it is primarily due to the ignorance and stupidity of the majority. That is the cold truth, you are probably surrounded by many stupid people like most of us are.

This is just how it is.

The government will do anything to put KYC requirement for tax purpose because they know crypto has huge volume and most of the activity are taxable event.

They are most likely to pursue it until you're fully compliant about taxes, right now it's cex, in the future maybe dex that supposedly non KYC. So, expect more to come.

Some countries even already require you to write the self custody addresses you used for tax purpose.
These kinds of generic statements of acceptance are completely worthless and serve no purposes. Things are not "just how they are", things develop due to many complicated reasons. One primary reason for which things are "how they are" is due to the ignorance and inaction of people like you. The issue with humans in general is that a huge portion of the population is very dumb and is unable to learn lessons from abstract thinking, instead they may only learn that fire is dangerous if someone throws them into a big fire pit. The dark side of democracy is that others will suffer the consequences because of the stupid majority, but hey don't let that stop you from telling yourself that you're a good person and that democracy is great.  Roll Eyes


Non-KYC DEXs becoming KYC-compliant? Good luck with that. If there's a DEX that does such a thing, it can't be called a true DEX. More like a hybrid exchange combining centralized and decentralized infrastructure. I understand governments want to prevent tax evasion. But too much regulations will ultimately hinder the growth of the industry as we know it. Privacy and freedom will be literally non-existent in crypto.
You are being too specific and are completely missing the point. All DEXes that currently exist operate mostly through a centralized interface. There are 2 reasons for this:
1) UX. Using it through CLI tools, or having to develop your own interface is too costly, slow and difficult.
2) Lack of technical skills. 99.9% of the users would not even be able to manually craft a transaction to interface with the exchange, let alone to develop some tools.

This is the part that will be under attack, and it does not change anything about whether the DEX itself is decentralized or not. Just by getting rid of the GUIs since they are centralized, the governments would reduce the traffic and usage of these exchanges by 99%.

Thanks goodness we have truly-decentralized and private alternatives to almost everything. With Monero and atomic swaps, what more can we ask? It'll be impossible for governments to mess this up. I hope more people get to use non-custodial and decentralized solutions to help tackle governments' attempts to ruin privacy and freedom. We'll see what happens in the future.
Either you are joking or you are just shitposting. Very few people use those things, they are very rudimentary and not suitable for the wider population at all.

Abiky
Legendary
*
Offline Offline

Activity: 3808
Merit: 1487


www.Crypto.Games: Multiple coins, multiple games


View Profile
January 14, 2026, 12:41:25 AM
 #44

You are being too specific and are completely missing the point. All DEXes that currently exist operate mostly through a centralized interface. There are 2 reasons for this:
1) UX. Using it through CLI tools, or having to develop your own interface is too costly, slow and difficult.
2) Lack of technical skills. 99.9% of the users would not even be able to manually craft a transaction to interface with the exchange, let alone to develop some tools.

This is the part that will be under attack, and it does not change anything about whether the DEX itself is decentralized or not. Just by getting rid of the GUIs since they are centralized, the governments would reduce the traffic and usage of these exchanges by 99%.

Yes. I am aware of that. It's much easier to just use a centralized interface for a DEX than relying on CLI tools or a decentralized CDN provider (eg: IPFS). People won't have the time to learn how to interact with the command line or connect to an alternative network to start using a DEX. Because of this, making a DEX that's 100% decentralized is nothing but impossible. At least, governments can't stop the revolution. If they successfully manage to take down a DEX, many others will take its place. That's the beauty of open source.


Either you are joking or you are just shitposting. Very few people use those things, they are very rudimentary and not suitable for the wider population at all.

I'm just saying sarcastically. You and I know most people don't care about their privacy or freedom, so they will continue to use conventional cryptocurrencies and centralized exchanges as usual. Only a small minority will support truly-decentralized and censorship-resistant protocols. I'm not worried about this. As long as that small minority remains loyal to the "crypto cause", nothing else matters.

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
Satofan44
Sr. Member
****
Offline Offline

Activity: 266
Merit: 921


Don't hold me responsible for your shortcomings.


View Profile
January 14, 2026, 07:21:11 PM
 #45

Yes. I am aware of that. It's much easier to just use a centralized interface for a DEX than relying on CLI tools or a decentralized CDN provider (eg: IPFS). People won't have the time to learn how to interact with the command line or connect to an alternative network to start using a DEX. Because of this, making a DEX that's 100% decentralized is nothing but impossible. At least, governments can't stop the revolution. If they successfully manage to take down a DEX, many others will take its place. That's the beauty of open source.
Good, we are in agreement but perhaps you conclusion is wrong. Since shitcoins have different levels of centralization, they are able to try to do some things that we do not want to do with Bitcoin for any number of good reasons. Therefore, it is not entirely possible that someone develops an extension or a complete browser which can explore websites that are completely hosted on a blockchain. Sure there are also angles of attack here, but it could mean that the website UI code is hosted on the blockchain too and when used with the extension or browser it could be viewed as a regular website. This would limit this vector attack. Anyway, there are some ideas and attempts at building an entirely decentralized internet. All of this is very complicated, but I would not completely rule out the possibility of completely decentralized solutions as much. Remember, if Bitcoin was not created we would not even have 1% of the people interested in decentralization that are now, nor 1% of the tools and projects that we have.

I'm just saying sarcastically. You and I know most people don't care about their privacy or freedom, so they will continue to use conventional cryptocurrencies and centralized exchanges as usual. Only a small minority will support truly-decentralized and censorship-resistant protocols. I'm not worried about this. As long as that small minority remains loyal to the "crypto cause", nothing else matters.
My bad for misinterpreting, some people do sarcasm here in ways that are not detected by me. When it comes to the minority that you talk about, the important thing here is to retain that base of people and even to try to grow it. I am not so confident with the new generations that are growing up online and on social media, they are addicted consumers of the system. Therefore it is very vital to pass down the key lessons, otherwise we may come to a future where you will need to do KTC and a body scan whenever you want to exit your home. All for the sake of combating crime and protecting the children of course! Roll Eyes

Rain1620
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
Today at 01:16:30 AM
 #46

I believe there is an argument concerning the unfairness about salary earners paying 20% tax and a crypto trader paying nothing because of certain privacy, but then, private economy was built not minding the risk and the energy it consumed, now this private economy has grown to an extent And the government is demanding for ransom coated as tax which feels predatory.

Demanding for exchange of every transactions made feels like a crypto trader don’t have any right to private financial life, a finance built by same individual? Honestly the society is not being true nor fair because the government are not supposed to intrude into one’s finances without a warrant or a cause that is note worthy.

In a society where the unemployed is majority over the employed, and the government are still interested in the unemployed’s finance when there is no form of fraud is typical robbery. If everyone are to pay tax then everyone should be employed because the level of complexity in crypto is nothing compared to the normal banking that any parasitic activity should be practiced.
endut15
Full Member
***
Offline Offline

Activity: 578
Merit: 100

SpookySwap


View Profile WWW
Today at 11:19:55 AM
 #47

This feels like a natural next step once crypto became too big to ignore. Governments aren’t suddenly worried about users, they’re worried about lost tax revenue and lack of visibility. The problem is that pushing everything into centralized reporting just increases risks — data leaks, hacks, and misuse of personal information. KYC and taxes aren’t going away, but the way this is being implemented looks rushed and short-sighted, especially for privacy and security.

betswift
Copper Member
Member
**
Offline Offline

Activity: 672
Merit: 11


View Profile
Today at 12:33:27 PM
 #48

This feels like a natural next step once crypto became too big to ignore. Governments aren’t suddenly worried about users, they’re worried about lost tax revenue and lack of visibility. The problem is that pushing everything into centralized reporting just increases risks — data leaks, hacks, and misuse of personal information. KYC and taxes aren’t going away, but the way this is being implemented looks rushed and short-sighted, especially for privacy and security.

It's a double-edged sword some are willing to take in order to think less going forward.

Eventually, they may feel the consequences of it, but it will be too late for that..

Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!