this post was submitted on 31 Oct 2024

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Monero

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Is this how plausible deniablity works in XMR? (monero.town)

submitted 1 week ago by [email protected] to c/[email protected]

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say someone asked you to open your wallet and asked you where your funds came from, can you just say that you mined it? since XMR cant be trace afaik

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[–] [email protected] 0 points 1 week ago (1 children)

subject to income tax

there would be no taxes

That depends on the laws of where you are.

[–] [email protected] 0 points 1 week ago* (last edited 1 week ago) (1 children)

that's correct!

different states and countries often have different laws, which determine their income tax regulations and necessarily all of their other ordinances.

[–] [email protected] 0 points 1 week ago

but i guess at the end of the day, you are innocent until proven otherwise, and since monero cant be track the worst case that can happen to you is that government will seize your monero?