Is this gonna affect crypto investor/traders?

dunno. Cant tell without knowing what you did.

thats the fun part about crypto. They can ban it all they like, they still cant control it because its decentralized. But it does mean reporting your income might get harder though so you cant buy assets but at least you can eat wagyu everyday.

When they see suspicious transaction into your account is it going to get flagged?

Depends how much and how often you transfer lor. Just dont anyhow withdraw 75k one shot or else might kena flagged. Or you can use the easier way and transfer to luno, and cash out from luno since luno is approved by the govt anyway.

easier to track down I guess? since LUNO is regulated by SC.

I might be wrong.. hmmm

I see. Interesting but won't transaction on Luno trigger BNM as well.

Maybe just don't do huge sum of transactions.

i mean its not illegal to trade crypto. Its just that govt will want its taxes from traders who do frequent trades. How they gonna find out and how they classify "frequent" is, that i dunno. So if you have steady inflow into your bank account without good reason, you might kena flag lor. But if its small kecik money, no one will kacau you.

“Therefore, to determine whether the profit from the activity is taxable or not, it is necessary for us to look at each and every case in depth to determine whether there is a pattern of trade, or badges of trade,” it said.

“If the transaction is more of a capital gain, passive, or as done occasionally, unplanned or unsystematic, then the profit from such sale and purchase is a tax-free income.

“On the other hand, for those who are involved in or using this cryptocurrency actively, systematically and repeatedly where the patterns of badges of trade exist, then the party is considered to have conducted a transaction or profession.

You were correct. Only frequent traders will be subjected to taxes it seems.

LHDN come ask you whether you a frequent trader, just say no, i buy some shitcoin and it went 10000x. how they gonna find out. Unless they got your crypto address, they can watch your transactions. but then again how they gonna link you to that address? Crypto ftw.

Edit: actually got a way. they just link your binance account to you. but whether binance is gonna respond to their plea for information, that we dunno. Or just use DEX's. everything u do will be secret.

This post has been edited by parkluyann1: Apr 21 2021, 03:03 AM

ser, how to explain yield farming ser. is it dividend or?

park at many many wallets how they check serr?

everyday earning transaction fees as dividend

Me no sir, sifu. Probably its passive gain? im not a tax advisor here. Me just using my smol brain to think

I mean eventually all your crypto gonna head back towards one account if youre going to convert it to MYR so they just backtrace from there lor. unless....XMR...comes.. to...the...rescue...

Transfer all coins over to CEX1. Convert all coins over to XMR. Withdraw XMR from said CEX1 to CEX2. Sell XMR. They will have no idea where the XMR came from kek.

unless which ktard wants $ASS i can send them and pay me fiat.. like that escape lor

PS: jsut to buy KFC since KFC not taking $ASS for legal payment

hi serr, are you has got $ASS?

jual buntut ni yeah, thats essentially p2p without escrow lor.

sry ser i iz no ghey

why $ass coin? let's fork PCS and make $assmin coins.

This post has been edited by ShinG3e: Apr 21 2021, 03:37 AM

literally jual bontot ni.. owai

how much capital?



This post has been edited by Azusa_San: Apr 21 2021, 04:20 AM