The process involves matching an individual's identity with their cryptocurrency wallet, essentially creating a database of cryptocurrency ownership.
Encouraging voluntary Bitcoin possession declaration leads to the imposition of inheritance tax, gift tax, and holding tax. Failure to declare can result in taxes, surcharges, and even imprisonment. If an individual owns more than 1 BTC, a surcharge is levied (same applies for owning 2 BTC).
Carbon taxes could be imposed on mining and node operation activities, with fees applicable for network usage. In the event of a severe financial crisis, a great reset could be implemented, providing debt relief for all individuals.
If a Universal Basic Income (UBI) system is implemented, personal assets including corporate land and Bitcoin could be confiscated.
Should an individual leak a certain amount of coin from their cryptocurrency wallet without government permission, they may face criminal punishment.
This could potentially be initiated in conjunction with a great reset due to a massive financial crisis, leading to a reduction in personal debts.
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