Voted for I'm already reporting my earnings to the Authorities.
The 25%~ extra earnings are not worth the potential fines and jail time.
I'd rather earn less and sleep comfortably at night, than earning more and constantly looking over my shoulder.
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If there are potential legal troubles, then it is better to stay safe unless you are VERY sure about your anonymity. But you only have to pay taxes when you convert to fiat..... right?
Most governments tend to consider both crypto-crypto and crypto-fiat as tax events. Meaning that if you bought 1 BTC for 1,000$, and used it to buy some ETH after 1 BTC rouse to 1,500$, you are expected to pay capital gains on the 500$ which you supposedly earned from that investment.
This gets particularly tricky if banks don't allow you to withdraw fiat from crypto exchanges, and if you can't pay your taxes otherwise.
One member of the Israeli crypto community will most likely be in serious debt, because he couldn't withdraw his crypto earnings to an Israeli bank account, and foolishly decided to convert back to crypto, RIGHT BEFORE THE BEAR MARKET.
As I said in @utopian-io's idea hub
"If you have a deathwish, do your own taxes. Otherwise hire a crypto knowledgeable accountant."