h8_wh8_w0m3n they/them  4d ago (x.com) 792 thread views #328618 earned 204 coins from votes

The IRS :marseyshutitdown: head shots :carpsnipe: cryptocurrency/defi protocols. Requires every protocol to KYC every user for each transaction. ETH is crashing, chuds most effected. :chudtantrum:

https://x.com/DumbApe69420/status/1872686842941935890

Lots of bitching about ruined holidays.

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KYC is super common and is mandatory for most financial transactions, certainly mandatory for trading any kind of stocks, bonds, options, futures, etc.

Why these r-slurs thought crypto was somehow special and beyond regulation is beyond me. They seem upset that the broker you make an account and trade through (especially the one that provides ACH transfers in/out and probably wire transfers too) is required to KYC but who the frick else would do it? Isn't this the really obvious approach?

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but why do you have such a hard on for big government?

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but I shouldn't have to pay taxes!!

:#marseycryingtalking:

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i've paid 7 figgies in taxes. heck, i spend more on lawyers and accountants than you do in taxes.

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yeah yeah yeah everybody on this website is a multimillionaire with a 10" peepee we get it

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i'm just sad that the way to offramp from the Federal Reserve central bank debt slavery is so reviled. this offsite somehow worships big government+corporate control more than reddit.

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"offramp from the federal reserve" come on bb it's about people not wanting to pay taxes on the money they earned, it's not actually ideological beyond a thin veneer to justify that they're simply greedy

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Still don't understand how to cheat taxes with crypto? Coinbase etc sends a report to the IRS for each user each year.

i worked at a very busy cash only restaurant. would you say that form of business should be illegal because its used to underreport taxes? edit: of course not because you are fat edit 2: and 80 percent of your thoughts are about what you are going to eat next.

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Still don't understand how to cheat taxes with crypto? Coinbase etc sends a report to the IRS for each user each year.

they can only do this if you provide accurate information about urself bb, that's what this reg is about, to make sure they can do exactly this

i worked at a very busy cash only restaurant. would you say that form of business should be illegal because its used to underreport taxes?

everybody knows that cash-only places virtually always commit tax fraud, imo that doesn't justify banning them at all but it does mean that it probably makes sense to target them for audits

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If you're going to believe in a hopelessly naive ideology that pretends the little man can be free of the giant institutions that actually make everything and organize a now global supply chain at least have a heart and be an anarchist instead of a lolbertarian

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Make a solana tx on chain with rdrama in the memo program/evm tx with rdrama in the data field with an account with at least 7 figs in balance or confirmed larp.

Should be easy enough.

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There's lots of things that are very common but probably shouldn't be. :marseyshrug: For example, think of how license plates and automatic recognition are used to track you everywhere you travel on the highway, or even in parking lots where a police patrol will drive by and scan all the carsβ€”the only reason people put up with it is because license plates have been ubiquitous for so long.

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... uh yeah I see no issues w/ KYC rules tbh. Seems super reasonable to me that you need to provide your identity when transacting millions of dollars. Doesn't seem to be an issue really, it's not difficult to provide such info, and if you're already reporting your crypto trading income to the IRS then you don't really have to do anything different.

I guess these regs suck if you were committing tax fraud, but "waah i hate these regulations because they make it harder for me to commit fraud" is r-slurred.

Edit: Really it mostly sucks for the brokers who now need to track more data, as their compliance burden just got heavier. That's on them, though, not the individual customers.

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But the woke left will track and arrest me for having the wrong politics (and money laundering)

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this but unironicially

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This is a top tier joe rogan clip. Guy just spends minutes and minutes making shit up. He has no idea what a PEP is or what the agency actually does

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yeah still think its real cause its the type of thing leftoids would do. Even if they aren't doing it now, its the type of thing they want to do, like the canadian trucker thing

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they are actively fighting against politically motivated debanking this r-slur is just angry they want consumer protections on fintech so shit like the synapse collapse cant happen

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