An IRS slideshow created by James Daniels, IRS-CI cyber crimes program manager, describes some concerning methods IRS agents should use to crack down on crypto-using tax evaders.
https://drive.google.com/file/d/1slktEc0dNEsOsbzfLquDXdbvCSy4FI7r/view
So professional
Toward the end of the report, the slideshow explains how agents can track a bitcoin address using a public block explorer. “Once a Bitcoin Address is identified, it can be looked up on a Bitcoin Blockchain Explorer to find information such as value, transaction times, transaction locations, which may help in corroborating information, identifying additional addresses, or assist in locating the subject,”
the text expounds. “It can also be used to show if bitcoins were transferred after a seizure warrant was served, which is discussed below.” Additionally, the slides give a well-documented summary of bitcoin mixers and how they are used to obfuscate trails of transactions on a public ledger. If an IRS agent determines a tax-evading suspect, the slide recommends sending grand jury subpoenas to a variety of tech companies.
Issuance of a Grand Jury Subpoena should be considered for Apple, Google, and Microsoft for the Subject’s complete application download history.
What’s more alarming is that Daniels’ slide advocates agents investigate the financial habits of individuals who are using crypto to evade taxes. This includes, but is not limited to, conducting interviews with “bank tellers, family, and friends of the subject (if feasible), and establishments the subject frequents that may accept bitcoins.
Transfers to and from a subject’s Paypal account should be analyzed in much the same way, verifying the parties involved with each transaction — Vendors who accept bitcoin, such as Amazon Payments, can also be considered for subpoena. However, this method may not reliably yield results.
You're going to ask Nana how much Bitcoin I control? Jesus.
To some most people this might be concerning, but I think it's hilarious. This is a clear act of complete desperation. This is a clear signal that they really have no idea what the fuck is going on or how to adapt to it. You know what else it reminds me of?
These government agency regulators are all blowing smoke. They act like they are in control, but then they issue the silliest requests:
Hey Facebook, could you pretty please halt development on Libra?
Wow! How can you make yourself look anymore weak. You can't halt someone from creating open source code. In fact, you can't halt any type of code. Code is protected by freedom of speech.
The fact that everyone is still even saying the word Facebook speaks volumes.
Regulators have no idea just how fucked they are right now judging by their current stance. Libra nodes are going to start popping up all over the world. This shit-storm will not be stopped. It's happening; deal with it.
Of course Libra will take the path of least resistance. They aren't going to be needlessly combative, but still.
When Libra says they are going to respect privacy, you can be damn sure that they will respect corporate privacy. Can you imagine 100 corporations all claiming they don't know who's running that rogue Libra node? I can, and it's hilarious.
Okay so what happens when the IRS starts looking at Steem? Have we considered that? When you confiscate Bitcoin you can transfer it and know that it's under your control. What about Steem? What happens when the government arrests a Steemian and then their account gets "mysteriously" recovered and all the keys change? LOL, they have no idea what kind of bull shit they are in for.
All these recent developments really make me consider my previous posts about how big clunky governments are going to die and be replaced by city-states. It's only going to take one horrific financial collapse for real shit to go down. A lot of people are saying it's coming soon™. Perhaps it's time for this clusterfuck jungle to burn down so new life can spring forward.
