I have been thinking of this for long and the reason being that a lot of bitcoin transaction is going online everyday in many countries and i think government can generate IGR from this if possible. I am not a programmer and i have a little knowledge about bitcoin technologies but i just want to know if it is possible.
During its stay in the network or in the internet nothing can ever tax it however once you try to encash it and change it to something real and physical then that would be hhe time that regulations and taxation would take place and would really be susceptible to all these sanctions as they are now in the real world and can now be handled by anyone and everyone