psan

#Binance #PSAN #Fiscalité
The big fake that's going around TikTok right now...
You've probably seen those alarmist videos shouting: "Stop using Binance!".
All this because Binance got its PSAN registration. But do these influencers really understand the topic? Not at all. They're missing a crucial point.
The main argument of these videos is to say: "Now that Binance has the PSAN, the taxman will have our info.".
The reality? The PSAN streamlines and formalizes communication with the French administration, that's true. But do you really think it was the Wild West before this? Obviously not.
Even for platforms based abroad, tax authorities collaborate with each other. If the taxman requests accounts from a foreign jurisdiction regarding its citizens, the local exchange is obliged to comply and transmit the data.
The PSAN simplifies administrative procedures but does not create tax transparency. Let's not fall for clickbait and general panic; let's stay factual.
Have you seen those videos? What do you think?