Is there a way to “sell” your own coin at any price to yourself?

In my country, there is no capital gain for crypto.

I am thinking.

Create my own coin.

Buy it at very cheap price. Say $0.00001

Sell it at higher price say $1? To who?

To a wallet I control.

Tada…. I got capital gain. I can claim my money is from that.

The thing is how do I convince my tax auditor?

Where do I sell?

Can’t be on decentralized exchange?

Can’t be on cex got to convince cex owner.

Hmm….

I wonder if some variation of this can help us reduce tax. Totally legally of course ;).

submitted by /u/Few_Needleworker8744
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