Very good move!
My main concern is when you sell parts of your bitcoin, e.g. for cash, are you required to explain where and who the money went to? You can't do this when selling it for cash. I haven't heard anyone taking about this.
Let's say you've sold, that means you have less bitcoin. When doing the yearly income taxes the number of bitcoin you enter has decreased. Will that give issues, inquiries or not?
The whole thing is bullshit because when you've sent it to another address, you could have sold it or you could have sent it to your own wallet.
What is your strategy for this? Would love to haar your thoughts on this.
If the authorities ask you're fucked. That's why you need NO-KYC coins. Until the world changed and removed taxing bitcoin.
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So the only way to sell Kyc bitcoin is to sell it where you bought it.
That's the best way yes.
