United states tax collector

Chapter 297 The Sorrow of the Richest Chinese Man

Chicago, 77th floor of Willis Tower.

Here is the headquarters of Ethereum in the United States.

At this time, you can see a large number of people in suits and ties walking out of the office and pouring into a conference room.

"I believe everyone already knows about the IRS naming. What do you think?"

The founder of Ethereum, Viklin Sirmog, looked at the senior executives who were sitting after entering.

"This David is really powerful. He even dug out Satoshi Nakamoto. Now that our names have been publicly named, if we don't 'come forward,' the outcome may not be good."

"In terms of encryption level, Bitcoin's technology is much more mature than ours. However, David can still find clues. If he wants to mess with us, we will definitely not be able to escape."

"Bitcoin has collapsed, we are in big trouble this time..."

Strictly speaking, the reason why Ethereum was born was actually created by its founder, Wakelin, who borrowed the Bitcoin model.

Today, although the value of Ethereum is far less than that of Bitcoin, it has firmly established itself as the second largest cryptocurrency.

But no matter what, Bitcoin, the leader of the currency circle, has fallen, and now they have been publicly named, so a group of senior executives feel that this time they may be spared very slowly.

"So according to what you mean, we should honestly 'pay' to the IRS?"

Wakelin was a little dissatisfied with the sighs and sighs of everyone present.

You know, according to data released by the IRS, Bitcoin has paid 20 billion in taxes.

Although their market value and profits of Ethereum are not as large as that of Bitcoin, it has reached nearly half the scale of the latter. In conversion, that 10 billion will definitely not be able to escape.

Who can be willing to hand over such a huge tax?

"No, no, no, Mr. Wakelin, it's just that the IRS is powerful and David's methods are extremely powerful. I think we will definitely not be able to fight against it. I think we should 'ask for help'."

The reason why Bitcoin is so popular is because the Illuminati is behind the scenes and is pushing it hard.

The rise of Ethereum is also driven by factors.

In early 2017, an Ethereum investment alliance was established with more than 20 of the world's top financial institutions and technology companies, including Morgan Chase, Chicago Exchange Group, Bank of New York Mellon, Thomson Reuters, Microsoft, Intel, and Accenture.

It was with the support of this alliance that Ethereum finally broke through and became the second largest player in the cryptocurrency circle, with a market value of nearly 500 billion.

Wakelin frowned. After weighing the pros and cons, he felt that it was indeed difficult to fight against the IRS and David with his own strength. Finally, he picked up the phone...

Seattle, 46 Elliott Bay, where the Binance exchange is located.

In the office of this high-rise building, a Chinese-faced man with glasses showed a frown on his face.

His name is Zhao Changpeng, a legendary figure in the 21st century.

He was born in China and immigrated to Canada at the age of 12. He entered the cryptocurrency industry in 2014. In June 2017, he officially founded the digital currency trading platform Binance (a global cryptocurrency exchange) and served as CEO.

In July of the same year, he launched his exclusive blockchain currency-the digital currency "Binance Coin".

Binance raised $15 million in an initial coin offering and became the world’s largest cryptocurrency exchange in less than eight months, continuing to lead the industry.

In February 2018, Forbes released its first rich list in the digital currency field. Zhao Changpeng ranked third with a net worth of US$1.1-2 billion, becoming the only Chinese in the top ten at the time and appearing on the cover of the current issue of Forbes magazine.

However, this is just the beginning for him. What really brought him to the top was at the end of last year, when he became the new richest man in China with a net worth of US$94.1 billion. This not only shocked the world, but also made the world realize that he is so Number one.

Afterwards, someone conducted an investigation on him and discovered something astonishing.

In 2017, Zhao Changpeng was just an unknown person, and his net worth was not even high.

However, by 2021, he has accumulated a net worth of US$94.1 billion at a rocket-like speed. However, all of this was completed in just 5 years.

This person seems to be the fastest person to accumulate wealth since the 21st century, bar none!

In fact, it is not that the currency Binance has much value. Strictly speaking, the currency Binance is far inferior to Bitcoin and Ethereum in the cryptocurrency world.

The main reason why Zhao Changpeng became the richest man in China in just a few years is that he built the Binance Exchange, which has also become the world's largest cryptocurrency trading platform.

Cryptocurrency exchanges and cryptocurrencies can be thought of as the relationship between stocks and stock exchanges. As a party to the exchange, you can charge fees through transactions generated therein.

This is like Egypt, which has mastered the Suez Canal. It is difficult for it not to become rich.

"Changpeng, we all know that Satoshi Nakamoto is by no means a 'mortal'. He is so powerful that he fell into the hands of David. If we fight against him, it will not end well."

In the office, besides Zhao Changpeng, there is another Chinese man sitting. His name is Lin Huaide, who is Zhao Changpeng’s close friend for many years and is also a shareholder of Binance.

Zhao Changpeng didn't say anything, obviously tacitly agreeing with the other party's words.

Before Binance was founded, he sold a house in Shanghai and took 1 million US dollars to join the Bitcoin circle.

After being in this circle for so long, he certainly knew what Satoshi Nakamoto meant.

Now even this legendary figure (organization) has fallen, let alone Binance.

"Huide, what you mean is that we have to find David to actively report our tax situation, right?"

After a long silence, Zhao Changpeng uttered the first sentence.

"You also know that as our Binance grows in size, many people are also red-eyed. During this period of time, the Ministry of Justice has been investigating our blockchain trading platform, and it is obvious that they want to kill us like fat pigs. If we provoke the IRS at this time..."

Lin Huaide pouted and didn't say anything, but his meaning was already very clear.

When he heard that the Ministry of Justice was investigating them, Zhao Changpeng's expression was even more worried.

Binance is different from cryptocurrencies such as Bitcoin and Ethereum. The success of the latter two is inseparable from the operation of capital behind them.

The main reason why Binance can succeed is actually due to the popularity of Bitcoin and Ethereum.

It can also be said that it is precisely because of the rise of cryptocurrencies such as Bitcoin and Ethereum that Binance, an exchange, has also risen.

After seeing their rise, many investors naturally wanted to get involved and share a piece of the pie, but they were all rejected by Zhao Changpeng, who did not want to be controlled by others.

The consequence of rejecting these investors is that they are now facing investigation by the US law enforcement agencies.

Of course, there is actually another most important reason why the US law enforcement agencies want to investigate them.

That is, Zhao Changpeng is not what some people in the United States think of as "one of their own".

In the United States, Chinese Americans are already very wary of all sides, and he controls a money-eating beast like Binance, so it is difficult not to be messed with.

"Wait a minute, Huaide..."

After thinking for a long time with a sad face, Zhao Changpeng suddenly looked like he thought of something, and then said: "Do you think it is possible for us to borrow the power of the IRS to put pressure on the Department of Justice?"

If you say which department in the United States scares the Department of Justice the most, it must be the IRS.

After all, no one is not afraid of their tax problems being targeted by the IRS.

When Lin Huaide heard this, he was also somewhat moved, but soon changed to calm, saying: "If the IRS can put pressure on the Department of Justice, then our crisis can indeed be resolved, but why should they help us?"

"We can pay taxes, even if we pay more, it doesn't matter, as long as they can be satisfied and say a word for us, everything is worth it."

The Department of Justice's investigation of Binance is not just about money, it is obviously aimed at control.

If the control is lost, it will be more painful than killing him.

So in Zhao Changpeng's view, even if it costs more money, as long as it can keep safe, it is worth it!

"Pay more taxes..." Lin Huaide still felt it was difficult, because according to the rules and regulations of the IRS, they have the right to collect taxes, but they cannot interfere with the law enforcement actions of other departments. For example, the Ministry of Justice is investigating Binance on the grounds of money laundering, which is not a tax issue, and the IRS has no reason to intervene. "Oh, by the way, as far as I know, Director David is of Chinese descent. We may be able to use this as a bridge and be more active in taxation. This may impress him. As long as he can say even one word for us, it can solve our current predicament!" Is the Ministry of Justice afraid of David? The answer is definitely afraid. In fact, it is not only the Ministry of Justice, but now there are few people in the black and white worlds of the United States who are not afraid of David. So as long as David is willing to speak for them Binance... Oh no, it doesn't even need to be said. As long as they can get David's permission and use his name, the Ministry of Justice will definitely be afraid. "This... If you think this is feasible, then let's give it a try..."

Binance is now facing a desperate situation. If there is no external intervention, they will definitely become lambs to be slaughtered, so Lin Huaide agreed to give it a try.

After obtaining the consent of his partners, Zhao Changpeng immediately picked up the phone on the desk: "Susie, help me sort out our tax books in detail..."

At the same time, in addition to Ethereum and Binance, the two giants in the cryptocurrency circle, other large and small cryptocurrency companies also held emergency meetings under David's name.

Amid the global heated discussion on this matter, time came to the next day.

At the Los Angeles Internal Revenue Service, a large number of media reporters came here early in the morning to station, wanting to see if there would be people from cryptocurrency companies coming to declare their tax status today, and which companies and people would come first.

"Do you think people from Ethereum will come today?"

"Not sure about Ethereum. I heard that there are many financial groups behind them and they are involved in many things, so I think USDT may come first."

"Not only USDT, but Binance, the world's largest trading platform, I think they may also come today."

Amid the heated discussions on the entire network, the time came to 10 am.

At this time, a Maybach arrived and attracted everyone's attention.

Under the attention of everyone, the car door opened. When they saw Zhao Changpeng and Lin Huaide coming down, the media at the scene instantly burst into an uproar.

“That’s Binance CEO Changpeng Zhao and company shareholder Lin Huaide!”

"Sure enough, the first one to arrive was the giant Binance. I don't know how much tax they need to pay this time."

"It is said that Binance has recently encountered repeated investigations by the Department of Justice, and the IRS is a more ruthless agency than the Department of Justice, so it seems normal that they will be the first to come."

"..."

Amidst the discussion, Zhao Changpeng and Lin Huaide walked in.

In the office upstairs, David was slightly startled when he heard that the first person to arrive was Binance, and then some information about Binance came to mind.

The largest trading platform for cryptocurrencies.

The founder, Zhao Changpeng, became the richest man in China at the end of last year.

Putting away his thoughts, David said into the phone: "Bring David to my office."

Seven or eight minutes later, there was a knock on the door. After getting his response, Zhao Changpeng and Lin Huaide pushed the door open and entered.

"Hello Director David."

When Zhao Changpeng extended his hand, he also directly sent greetings in Chinese. This move was also intended to bring closer relations.

"Hello, Mr. Zhao."

In any case, she was the first one to come after he called her name, which could be regarded as a sincere example, so David did not make any gestures and responded in Chinese.

After hearing this Chinese response, Zhao Changpeng was a little excited.

He knew that David was of Chinese descent, but he didn't know if he could speak Chinese. What he didn't expect was that not only could he speak Chinese now, but he could do so fluently and standardly. This also made him feel that his goal of building a relationship had been achieved. first step.

"Oh, by the way, Director David, this is Mr. Lin Huaide, the shareholder of our company."

"Hello, Mr. Lin Huaide."

"Hello Director David."

"Please take a seat, both of you."

After sitting down, Zhao Changpeng eagerly took out a piece of information from his briefcase, handed it over and said: "At your request, Director David, we are here today to declare the tax status of our Binance company. Please check it out." ”

David nodded slightly, took the information and looked at it carefully.

PS: I don’t know if you have read the recent news that currency circle tycoon Zhao Changpeng was punished by the American government. So, do you hope that David will help him in the book?

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