Spoilersplease021
kiwifarms.net
- Joined
- May 2, 2021
I can comment on this since I'm decently knowledgeable about crypto. Buying cryptocurrency from an exchange has become increasingly restricted recently with kyc authentication (know your customer) required for nearly every exchange. For people who bought crypto before crypto became a big thing this has become a big pain, because you basically need transactions history behind every purchase when some crypto websites don't exist anymore. There is also part narcissism involved because you used to not have to pay taxes for crypto currency, but if you withdraw 10k usd now it's pretty much confirmed you go on a bank watchlist if you haven't paid taxes. In Bella's case it's likely she bought a bunch of crypto currency when she was younger and wanted to cash out during the recent boom but didn't want to pay taxes, so she made a fake id to launder the money. I also wouldn't be surprised if she stole crypto currency, but we have no proof of that.NY State has a law that establishes a requirement for a 'BitLicense' for exchanges operating 'in' New York.
I'm not sure if it directly makes it harder for NY residents to establish accounts at exchanges in the first instance, but I do know that it establishes requirements for reporting transfers to the NY tax authority, I believe beyond what other states and the IRS require. Can cause some problems when sending funds to NY residents. @Spooky Bones, was the ID a NY one, or from some other state?