He is already KYC. A transfert is considered a sale unless you keep track of the other receiving address and write it off as a transfert.
If he doesn’t want to declare his gain now, might as well leaving it there
He is already KYC. A transfert is considered a sale unless you keep track of the other receiving address and write it off as a transfert.
If he doesn’t want to declare his gain now, might as well leaving it there
This is not good advice... Of course you tell them it is a transfer. Transfers aren't taxable events.
Self custody with KYC is still objectively better than custody with KYC.