Quote from: Methuselah on December 16, 2021, 08:06:39 AMQuote from: Mikhail Prokhorov on December 16, 2021, 12:24:54 AM
can the taxman inspect cold wallets
which is probably where you should be keeping it if you have any sense
Cold wallets only serve to hold your private keys as such, although more secure, you are no less visible as a holder. KYC from your centralised exchange can be used to track you at the fiat on-ramp stage onwards, and on-chain analysis is pretty routine at this stage to track holders. One of the arguments for bitcoin is its transparency of ledger. There are ways to 'wash' crypto out there but a simple fiat to btc to fiat path can be tracked regardless of wallet type. Btc bought p2p or with a proxy buyer, or privacy coins such as monero are the route some may turn to for evasion
That's an important point. Some of the questions / comments here are effectively about tax evasion, dressed up as a harmless game of cat and mouse.