In my opinion, KYC was fine as long as you weren't planning to sell and you'd taken some precautions before sending it to cold storage (depends on your location).

For us, the government couldn't just access your transactions like that.

Things are gonna get rough in the EU starting in January. Every single transaction has to be reported, along with all your personal data, to the tax authorities.

P2P is changing from a 'may' to a straight-up 'must.'

The real wake-up call will hit in 2027 when the tax bill comes due, because you've been sending bitcoin back and forth too much, and now you have to prove where the money came from and where it went. Once it becomes clear that you actually bought things with it, that's when it gets 'fun' in terms of unpaid taxes