Bitcoin - You're a Caricature

The EU proposed new rules Thursday to combat tax fraud evasion in the crypto sector by requiring all digital asset service providers to report transactions involving customers residing in the block. I think that this is just another example of the move to eventually ban self custody because there's no way that we can control it. There's no way for us to know what you're actually doing with your money. The European Commission said that the tax authorities currently lack proper information about the gains of crypto holders limiting the tax revenues arriving from a moving sector. It would also extend reporting obligations of financial institutions to cover e-money and digital assets.

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