Does the Gate.io cryptocurrency platform report to IRS?
Asked 4 years ago
How secure is this platform? Do they report the transactions to IRS?
Andia Rispah Igobwa
Tuesday, March 15, 2022
Yes, they do. Most legit exchanges require customers to go through a "know your customer" (KYC) process before using the exchange. KYC is important to prevent illegal activities, such as tax evasion and ensure everyone pays their fair share. If an exchange doesn't do KYC, it could be more vulnerable to illegal activity.
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