Many people are still dreaming that "Web3 is a lawless land."\n\nAlthough the government has repeatedly issued documents to prevent/prohibit speculation in virtual currencies (suppressing their liquidity as currency), the tax authorities are taxing based on their "property attributes." That is: being restricted in the industry does not mean being tax-exempt.\n\nThe official attitude is quite divided but pragmatic: even if they do not encourage you to speculate in currencies, as long as you make money, the state wants 20%. Don't think that the industry is gray and that the tax bureau cannot see it; in the eyes of the tax authorities, your Bitcoin and your second-hand house are no different, both are "property."\n\n"Golden Tax Phase IV" is a dimension-reducing strike: do you think using MetaMask and decentralized exchanges (DEX) means you are undetectable? As long as you ultimately want to exchange USDT for RMB to buy a car or house, the moment the money flows into your bank account, big data will lock you in. Today's tax audits are not conducted by humans checking accounts, but by AI comparing your income and expenses — your consumption level reveals your hidden income.\n\nIn summary: Don't use technology as a shield for tax evasion; under the regulatory net of digital totalitarianism, proactive compliance is cheaper than "gambling on luck."