Bitcoin Forum
March 05, 2026, 12:37:41 PM *
News: Latest Bitcoin Core release: 30.2 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Future safety of bitcoin tax report and clearance  (Read 134 times)
FortuneFollower
Copper Member
Member
**
Offline Offline

Activity: 644
Merit: 24


View Profile
Today at 08:40:48 AM
 #21

This is definitely a serious problem. It's even more dangerous, especially for people living in countries where the rule of law doesn't work well and democracy is weak. Government officials who gain access to this sensitive information could abuse their position and put people with large amounts of crypto at risk. In today's world where privacy is very important, disclosing all your assets brings a major risk. Luckily I don't have assets big enough to worry about this. But it's a problem that seriously needs to be thought about.

Loopholes will be found as countermeasures to that, though, I agree, that we need to think now about it to not regret about this situation later.

HajiBagi
Sr. Member
****
Offline Offline

Activity: 1190
Merit: 467



View Profile WWW
Today at 09:33:34 AM
 #22

We do not know today, but tomorrow can be worse. The criminals are not just the bad people alone, they can be a well known people in the government office like the police and others. If you are reporting your tax, there are government officials that will sign it and stamp it to clear you.

If you are providing information in the tax report or clearance, it is very possible that all your source of income can be requested for. What if the government official is a bad person and carry out a wrench attack on you or supplying criminals with people's bitcoin information?

Why are you going to let the government officials or the police to know all about you? We know that sometimes we have to provide the information about the source of income but I don’t think it is necessary for me to tell a police officer about my bitcoin and other important things about me, there are somethings that should remain private and never let anyone know about it except your family members.

No one can be trusted because most government officials are criminals, most especially the corrupt police, they can do anything just to have their own percentage from you, for me, I don’t think the information is necessary unless you want them to know that you have a bitcoin or want to expose yourself, no any government official that will know you have bitcoin if you don’t tell them, so let be careful with what we do when we found ourselves in that situation.

Pages: « 1 [2]  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!