You have a KYC wallet that you move your BTC to your exchange that shares the transactions with the tax authority.
You have a non-KYC wallet that you move your BTC to your KYC wallet via a two step DEX (decentralized exchange): first to a non-BTC crypto coin and from that to the KYC BTC wallet.
The BTC trail ends with the DEX.
THe EU asset register will get around this. Solution: Escape EU, UK. ASAP.
Coming soon (hopefully) to Sparrow, Aqua etc: 'Silent Transactions' - "Receive private payments from anyone on a single static address without requiring any interaction or extra on-chain overhead." - this a feature called BIP352 running as part of the Bitcoin core software.
Read more:-
https://gist.github.com/RubenSomsen/c43b79517e7cb701ebf77eec6dbb46b8
https://www.nasdaq.com/articles/silent-payments-are-coming-better-protect-bitcoin-users
https://silentpayments.xyz/docs/wallets/
So far only Cake wallet has the feature implemented fully and we both wallets of the send & receive to have the BIP352 feature included for the private transaction to occur.
freed / Hugh
npub1ju…wxxqm
2024-08-30 12:46:38
in reply to nevent1q…yumd
Author Public Key
npub1juhnhyx6a6enshkj83xa9f7ka0g96r3fep0tf5e3kqq274kja43q7wxxqmPublished at
2024-08-30 12:46:38Event JSON
{
"id": "14ee7ae583f744621326c54c3d2cf25869c467ee043ddb9e7f04c998abbd7cda",
"pubkey": "972f3b90daeeb3385ed23c4dd2a7d6ebd05d0e29c85eb4d331b000af56d2ed62",
"created_at": 1725021998,
"kind": 1,
"tags": [
[
"e",
"0cbcc3907db8fe18459fbb346a60ff2bce917bf0ad7458ac2a9123328e9be1f5",
"wss://relay.damus.io",
"root"
],
[
"p",
"064de2497ce621aee2a5b4b926a08b1ca01bce9da85b0c714e883e119375140c"
]
],
"content": "You have a KYC wallet that you move your BTC to your exchange that shares the transactions with the tax authority. \n\nYou have a non-KYC wallet that you move your BTC to your KYC wallet via a two step DEX (decentralized exchange): first to a non-BTC crypto coin and from that to the KYC BTC wallet.\nThe BTC trail ends with the DEX.\n\nTHe EU asset register will get around this. Solution: Escape EU, UK. ASAP.\n\nComing soon (hopefully) to Sparrow, Aqua etc: 'Silent Transactions' - \"Receive private payments from anyone on a single static address without requiring any interaction or extra on-chain overhead.\" - this a feature called BIP352 running as part of the Bitcoin core software.\nRead more:-\nhttps://gist.github.com/RubenSomsen/c43b79517e7cb701ebf77eec6dbb46b8\nhttps://www.nasdaq.com/articles/silent-payments-are-coming-better-protect-bitcoin-users\nhttps://silentpayments.xyz/docs/wallets/\n\nSo far only Cake wallet has the feature implemented fully and we both wallets of the send \u0026 receive to have the BIP352 feature included for the private transaction to occur.\n",
"sig": "ec23570bcfe6f7e1ad5f9999129c91add0a01a3780cd7d926befa8477fc7c0b15ed8317feb920c03d680eb94408c0dfc352a9ec0d6d26a5890df8071cd8bd8e5"
}