U. Last week, the American households who cheated on the digital currency tax woke up and found an unpleasant touch.

After the US President Joe Ban Ki moon hired 87000 new agents of the US Tax Bureau, this move should have been very obvious. The Federal Tax Office was allowed to issue subpoenas to M.Y.Safra Bank, a partner of SFOX Bank, the broker of key artists of digital currency.

This subpoena is generally called "Anonymous subpoena", which is dedicated to finding information about SFOX customers, who may not have applied for their digital currency profits on their income tax returns.

The US Tax Bureau has been authorized to issue subpoenas to help it identify US customers who have conducted transactions of US $20000 or more between 2016 and 2021. This means that everyone except the smallest trader will be deeply trapped.

Damian Williams, a lawyer in the southern district of New York City, said, "The operator must be responsible for the tax declaration on the declaration form, and the obligations arising from the cryptocurrency exchange cannot be exempted."

Those who choose to buy the narrative of "data encryption without government" are wrong

As Michael Saylor, a bigger Bitcoin maker, found recently, some people who do not pay taxes will suffer in the long run.

Like Saler, many people who participate in Bitcoin and other digital currencies improperly feel that such property is difficult for the government to obtain, and the so-called "digital currency" cannot be tracked.

In fact, nothing is more frightening. In addition to the right to reasonably and legally use the information related to the real identity of the trading center customer, the IRS also has the right to do so in this case. The digital currency operated on public blockchain technology also has time to buy and sell in the format for everyone to query and follow.

Even those who use coin switching valves and systems such as molecular exchange to switch between digital currencies cannot always avoid laws and regulations. As time goes by, the data analysis tools of blockchain technology are becoming stronger and stronger, and government departments around the world are also analyzing how to apply laws and regulations to new "asset classes"

In a very short time, those who believe in Cerberti and other login password anarchists will spend a high cost. He mistook Bitcoin for a special tool that causes chaos. In the near future, all expect to operate again and be based on the large and medium-sized market trading center will also transfer the information needed, otherwise they may face bankruptcy.

No matter what your political views and beliefs on these issues are, they are practical and cannot be evaded. The inventor of Bitcoin has been warning about this for many years, but few people have heard of it. Every person who tries to evade taxes and use Bitcoin for illegal purposes has made a fatal mistake and quickly accepted the reality.