Treasury wants to add more crypto reporting requirements in the reconciliation bill, according to this report. 🤦🏻 rollcall.com/2021/08/30/tre
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I don’t even know if this is legal. Why don’t the foreign agencies just ask us for the info directly, as they have been for the last decade. Presumably, US companies are not directly serving non-US clients, except through subsidiaries in foreign countries, which engage locally.
If they actually put half of the effort they’re putting into taxing crypto as taxing the tax avoiding panama paper crowd, there would be an excess of government money, taxes would be lower, and America’s infrastructure wouldn’t be crumbling.
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They ARE the ones in the Panama paper crowd. Who do you think pays for their campaigns?
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It's the same reason you can't get access. They are protecting the legacy system.
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Interesting. I think Kraken lets non US citizens of most countries to trade. Do you have subsidiaries in all those countries?
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What is not legal is freezing verified customer account due to internal audit without giving them an explanation and even holding their crypto hostage so they can not trade,i.e not withdraw, for days!!! This is called Deny of Service and which I am sure you are aware off!!!