I am now a digital resident of Palau

[aids]

Highly recommend for anybody who makes money from crypto and wants to do KYC without having a CEX report earnings to your country of physical residence.

 

[KeepCopingLads]

View attachment 4212954
Highly recommend for anybody who makes money from crypto and wants to do KYC without having a CEX report earnings to your country of physical residence.

This may sound dumb but do you now not have to pay taxes on crypto earnings

 

[aids]

This may sound dumb but do you now not have to pay taxes on crypto earnings

No... but my earnings are not reported to the Australian Government since I will not be doing KYC with my Australian ID as I am a dual resident with this.
You can infer what that means.

 

[aids]

This may sound dumb but do you now not have to pay taxes on crypto earnings

For Australia, if you spend 180+ days living in a different country of which you are a resident, you are not obligated to pay income tax in Australia, but I am living in Australia, so I am still obligated.

 

[advek]

This may sound dumb but do you now not have to pay taxes on crypto earnings

Yes bro we know

 

[KeepCopingLads]

No... but my earnings are not reported to the Australian Government since I will not be doing KYC with my Australian ID as I am a dual resident with this.
You can infer what that means.

So which crypto exchange platform do you use

 

[aids]

So which crypto exchange platform do you use

I use like four CEXs bro.

 

[kingofkings]

Where did you learn this idea from?

 

[aids]

Where did you learn this idea from?

I saw Vitalik had gotten one back in 2023 so explored the use case.

 

[kingofkings]

I saw Vitalik had gotten one back in 2023 so explored the use case.

Nice. This is actually a useful topic