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Isn't the promotion of "no CRS, tax-free" by BIT a bit exaggerated?
If that's really the case, why does the official registration guide say you need to register your tax identity?
I understand that depositing and withdrawing funds via USDT can bypass traditional Hong Kong banks and directly connect to US stock brokers, and since the US doesn't participate in CRS, I can accept that logic.
But that's the backend logic; the frontend logic is KYC, and the platform account trading activities are still recorded in BIT, right?
And BIT's license is in Hong Kong, which participates in CRS, so this completely conflicts with the idea of zero CRS.