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RE: (Im)Balance Between Crypto and Fiat .:. Recap of Hive Humpday Hangout Ep.35 + HHHLive Show Recording
The problem with crypto, is that it depends on which country you live in, here it's really hard to being them to real world, if money pop up in you bank account state will come ask explanations and monet as taxes, you need to declare yearly all your crypto and pay tax on it, if you want to stay anonymous basically no one accepts crypto payments... I tried bitrefill to buy coupons and that works, but you can't live just with coupons
0.00007232 BEE
Hmmm.. Didn't you say that you are from Italy? Compared to other countries around the world, we in the EU are lucky to have multiple options to work with crypto... I prefer pre-paid crypto (debit) cards, like Crypto.com, or Revolut... There are also BTC ATMs in different cities around Europe, too...
It's not that complicated... ;)
yep italy...with debit cards who automatically convert crypto in euros to pay like in the market it would be good to go, like binance card...
But i informed myself about binance card, they want you to KYC...revolut too...and that's the problem that screws you, because then the state gets the information you hold crypto and pay with it and you will receive a letter at home like 'hey where did that money came from? you didn't declare it in the yearly tax report' so you get called by a judge and need to pay (crypto are 26% taxed and you need to declare every single penny you hold), go to a court and so on...i am technically illegal here with hive lol because i never declared anything to the state, but it's not kyc so state can't know and bitrefill saves the day
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