In the world of cryptocurrency, while blockchain technology offers a certain degree of anonymity, once you convert your crypt0 into fiat currency and transfer it to a traditional banking system, your transactions and income will be monitored by the authorities. 

Firstly, blockchain itself is transparent, with all t…

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Blockchain provides transparency in cryptocurrency transactions, but converting to fiat brings regulatory scrutiny. Be aware of the trade-off between privacy and compliance when moving funds between systems.