the Swedish tax authorities requested transaction history complete customer, including specifically addresses customer portfolio, the small Swedish bitcoin exchange BTC-X. This application comes without individual suspicion of crime or suspicion of crime at all, even in general. As would trackability of the financial past of everyone, present and future, BTC-X takes the tax authorities in court on their demands.
Various authorities have long confused the right to require follow-up data in individual cases of concrete suspicion of a serious crime and committed to the right to cast a dragnet on tons private data to see what sticks. However, the latest move by the Swedish tax authorities is a new level of audacity -. And a new level of massive violations of privacy
The Swedish tax authority requires transaction history for the 20,000 customers of the Swedish bitcoin exchange CTB-X. They, in turn, fight back and take the tax authorities in court on that application. While the tax administration is doing its usual spin dance, saying "it's just routine" and "just a snapshot of data," not to mention "it is legitimate", the truth is that this set data would give the tax authority a horrifying level of trackability on everyone's finances every day - well beyond what has already been asked before
It would not just be a instant .. due to the nature of Bitcoin, if the tax authority wins in court and receives this data, they will not only have a snapshot of this - they will also have full trackability in the past, and even worse, full traceability financial data of everyone in the future -. including all the things people will do outside as the exchange in the future
Are the courts understand that? It is crucial to understand the magnitude of the violation committed. As we have said before, Bitcoin can be pseudonymous - but it provides financial monitoring that can be used for a dystopian society where the government does not know only every hundred or satoshi past, but it has a very good idea who it processed. The Swedish tax administration seems to be looking for the opportunity to create whatever dystopian future.
Privacy remains your own responsibility, indeed.
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