So many of us bought our BTC on big exchanges such as Kraken, Binance, Coinbase,... Nothing wrong with that.
But.
What if a government of 2030 is going to say "Hmm I want you to pay current taxrate on the amount of BTC you bought in 2022 because in the meantime legislation has changed behind the curtains.
And you can't deny your purchases because we work together with said exchanges now and have access to their data." (Similar to the banks last decade 2008)
Regardless if you use the exchange wallet.
"Prove to us that you sold it or that you paid all taxes on the crypto. We will need everything in print starting from 2021. Also prove to us that the money you bought this crypto with was of a legal source, if you can't comply you are compelled to pay the outstanding taxes+fine".
How will this be different next time? It's a trick as old as governments themselves. I'm thinking of selling the exchange crypto and buying it anon.
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