Phyrex|Jul 10, 2026 05:15
Compared to traditional industries, cryptocurrency is inherently more private, especially when it comes to sharing profits. For those posting income screenshots in countries where taxes are required but not paying a dime, you should be cautious—especially friends in the U.S. and mainland China, where regulations are stricter.
It’s like those livestream sellers claiming they make a million a day, only to get reported and investigated for taxes.
Some friends in mainland China say there are no specific tax laws for cryptocurrency, but if you're interested, check out the tweet I referenced—it provides some clear insights. In the past, amounts in the millions might not have triggered an investigation, but based on the current situation, even millions could now be under scrutiny.
Friends dealing with large OTC transactions should be extra careful.
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