I explain to you as a Political Scientist why SENIAT in Venezuela requests your cryptocurrency declaration.

1. Binance has a compliance policy with governments.

2. When declaring your cryptocurrencies, you must indicate your movements, accounts, and more.

3. The government can open a legal investigation against you and request from Binance the information about your movements, and Binance will have to provide it.

4. You will be guilty of Tax Evasion and other things, and the government will be able to review your transactions at any time and keep you under surveillance so that you pay Delcy and SENIAT.

5. Remember that Bitcoin and many networks are public, meaning if the government associates a wallet address with you, it can trace the entire transaction history.

In short, you are voluntarily providing all this when declaring; however, it is a legal requirement, it must be fulfilled according to the law, so those of us who do not wash more than our teeth in the morning have nothing to fear or at least I hope so, knowing the Venezuelan government, they are looking for someone to bleed because the United States has cut off their oil supply.

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