With the growing adoption of cryptocurrencies, the Brazilian government has imposed new requirements for declaring these assets, seeking to track all financial transactions. However, when we talk about security and protection of personal data, the question that remains is: are we really safe when providing this information to the government? 🤔
Data Exposure Risk
Brazil has a worrying history when it comes to data leaks. We have already witnessed cases of personal data being exposed in major leaks, including sensitive information from citizens. When we talk about cryptocurrencies and, in particular, the practice of self-custody, the situation becomes even more delicate. By declaring your crypto assets, you essentially reveal to the government that you have full control over your own funds, without intermediaries.
This exposure is a real boon for criminals, especially in a country where public safety is facing serious challenges. If bad actors know that you are self-custodial of cryptocurrencies, the risk of kidnapping and extortion increases exponentially. How can you ensure that this information, if it falls into the wrong hands, is not used against you? 💼💻
Self-Custody and Financial Freedom
Self-custody is one of the fundamental pillars for those who want financial freedom. However, by declaring these assets, wouldn't we be giving up this essential privacy? The government already has enough access to our traditional financial information; should it also know the details of something as personal and sensitive as our cryptocurrencies? 📉🔐
Tax Evasion or Personal Protection?
In a scenario where the government does not offer real guarantees of protecting our data, many wonder whether not declaring cryptocurrencies would be a form of “tax evasion” or, in fact, a measure of self-protection. If the institutions themselves are not capable of protecting our information, why should we trust them with something as valuable as our digital assets?
What Do You Think?
Given all this, the question remains: when declaring your cryptocurrencies, are you really doing what is right for your security and financial freedom, or are we being forced to give up our privacy in a system that does not offer us adequate guarantees?
