I believe that decentralized exchanges will flourish because of these new KYC laws and taxes. This flies in the face of why bitcoin was created in the first place.

The government even wants a cut if you bought bitcoin at $500 and hold it for 5 years and then just purchase something with the appreciated earnings. Watch Monero fly in price as well.

I realize that the government does need taxes to operate but it has become a huge hungry machine that is growing and provides less and less things that we really need. It has far usurped it's original needs and plans. Reaching into our lives much too deeply