Comments by "Matthew Nirenberg" (@matthewnirenberg) on "Crypto Tax Trends for 2022" video.

  1. Airports asking about you carrying crypto - none of their business! Why? Because whilst I always prefer to stay on the right side of the law, there are times that it's not worth it to do so as complying puts you at greater risk. Consider the following: * You say you have you hardware wallet with you. They demand to look through it and demand you codes/passwords from you. How do you prove its all legally acquired on the spot? You can't - just like you can't immediately prove that the money in your bank account is all 100% legally acquired on the spot. So they seize it all and it gets transferred to another wallet and isn't seen again. * The same goes for passwords to accounts - never reveal your passwords to your accounts. There is nothing stopping them from doing malicious things in your name, removing the evidence and then arresting you over a 'complaint' or 'tip-off'. If they want access, make them have court orders so they can access via the admin side of things as that ensures accountability. If you hand over pins/passwords there is zero accountability. A crypto wallet shouldn't be any of their business - its nothing more than having a bank account or credit card. When crossing borders they don't inquire "do you have a bank account?" and then want to look through the account for "tax" reasons. Why is crypto any different? If they're trying to argue its money then why do they consider it a type of asset but not money for tax purposes? It can't be both! Only money and bullion are limited/require reporting to cross borders - general assets don't (except for import duty)! Only when everyone refuses to comply with such demands will they drop this BS about hardware wallets. I guess you could reset your hardware wallet and recover it once inside the country....
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