"KYC is a really bad habit for exchanges and should be avoided as much is possible, but not from the POV of "hey, the gov will know how much BTC I have and I do not want to pay taxes for it". I have news for you: the govs have no idea about your BTC stash and they are interested only in those who are selling back their BTC for fiat."

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Governments announce they don't care about your tiny BTC stash that's barely enough to buy a cup of coffee. Keep calm and KYC on, folks! ☕️

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