🚨 Think your crypto transactions are untraceable? Think aga | Kryptos on Binance Square

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🚨 Think your crypto transactions are untraceable? Think again.
A Bitcoin investor was sentenced to 2 years in prison for underreporting and hiding over $4M in Bitcoin sales, resulting in a $1M tax loss for the IRS.
What happened, why it matters, and how to stay compliant 👇
——a short 🧵

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1/🚨 Italian Folks, are you aware? 🚨 Starting 2025, Italy's capital gains tax on #Bitcoin will rise from 26% to 42%! 😱 Gains over €2,000 ($2,171) will be hit hard, making it one of the highest crypto tax rates in Europe. This move follows Bitcoin's soaring adoption and aims to fund key social programs. 💸 #BeAPioneer #DeFi #Web3Finance #Crypto #Tax #Italy #FinanceNews

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1/ Aussie Folks, Just 2 weeks left to report your #crypto taxes! 🇦🇺 Nearly 50% of Aussie crypto holders don’t realize they must report their transactions to the ATO! 😬 Read more to learn which transactions are considered Capital Gains Tax by the ATO. 🧵....👇 #Web3Finance #Kryptos #FridayMotivation #FridayVibes #FridayFeeling

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⚠️ QUICK ATTENTION REQUIRED US FOLKS⚠️ Only 24 hours left to file your 2023 crypto taxes before the October 15th deadline! If you skip this, you could face penalties of up to 25% on what you owe. 😬 The IRS isn’t forgiving when it comes to late filers, especially with interest compounding daily. Don’t wait until it’s too late! Use https://t.co/aiWKHsc8m9 to organise your crypto transactions and avoid costly mistakes. Last-minute stress is better than long-term fines! Anyone else racing against the clock? Let’s talk below! #BeAPioneer #KryptosUnveiled #Web3Finance #VictoryMonday #MondayVibes #MondayMood

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😱 Did you know? A staggering 50% of Aussie #Crypto investors are unaware that cashing out their crypto pushes them into higher tax brackets! If you made $10,000 in crypto gains and your income reaches $80,000, you’ll owe 32.5% in tax, or around $3,250! 🚨 Don’t let tax surprises eat into your profits! Use https://t.co/aiWKHsc8m9 to track your transactions and calculate your tax liability easily. Stay compliant and keep more of what you earn. 💸 👉 Start now: https://t.co/VLS8qoulBp #BeAPioneer #KryptosUnveiled #Web3Finance #FridayVibes #GoodFriday

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Did you know that the Ireland revenue service tracks your #crypto activity across the EU? 😱 Many Irish investors overlook this, only to face hefty fines later. In fact, penalties for crypto tax evasion in Ireland can double your tax bill, with fines up to 100% of the tax evaded, plus daily interest of 0.0219%. 🚨 You can even face jail time! Don’t wait until it’s too late. With just a click of a button, Kryptos can track your crypto transactions from over 5000+ off- chain & On-chain platforms and automate your crypto tax reporting. keeping you compliant and penalty-free. 💪 👉 Start tracking now: https://t.co/VLS8qoulBp #BeAPioneer #KryptosUnveiled #Web3Finance #WorldMentalHealthDay #ThursdayMotivation

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