Nexo
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NEXO · 3w

Cashing out via borrowing from NEXO

Hi guys, I was thinking about to borrow some fiat, to avoid taxes. In my country there is a high tax for crypto (27%). What happens if I borrow 10k usd from NEXO and I use my 11k USDT as a collateral and never paying it back? My accountant told me that NEXO could report it to my country's tax authority, and it could be a problem. But if Nexo doesn't complain about not paying back the loan, it could be a legal method. What do you think about this?
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