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Enikk

Enikk

Joined
Oct 31, 2021
Messages
12,509
When I just logged in, I got a pop up saying I'll need to verify my information to buy/sell/swap on their platform???

Have you gotten that?

I don't want to verify shit with them

:+clueless
I know at the most popular site starting with a "C" i get that message every log in that I have to do it by December
 

RudyRuder

RudyRuder

Joined
Oct 23, 2021
Messages
5,545
they are all going to that by dec this yr
oh ok, ill have to look into that and see if they are december or mandating it sooner

or does anyone already know this answer about blockchain?

I know at the most popular site starting with a "C" i get that message every log in that I have to do it by December
i know which site you are referring to, but why did you phrase it like that?

should I edit the site out of OP?
 

RudyRuder

RudyRuder

Joined
Oct 23, 2021
Messages
5,545
Crypto sites got the letter from the I R S on new reporting requirements.
Gov't wants their cut. :banghead:
I read rules at a few sites

Don't they only send you irs forms if you leave your money in that site and profit from the market value?

For example:
If over a year, you deposit $10000 cash, transfer out $10000 bitcoin

Then deposit $20000 bitcoin, transfer out $20000 to bank....you are now +10,000 moving money to your bank.

You won't get an irs letter because you didn't make that money on their site

Is that correct?
 

Tanko

Tanko

Joined
Oct 27, 2021
Messages
42,489
Not sure all the rules involved with the new regulations.
I've read something about any transaction that is buying or selling crypto (cash <--> crypto) that is over $600 has to be reported. I do not remember reading if that included just moving crypto in and out of a site.
 
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