What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
If the government levy taxes for each and every time we convert bitcoin to fiat and vice versa,then we would not be able to bare that huge tax and that's why,many countries have laid taxes only when we withdraw cryptos from exchange and not for every transaction.Also even by not implementing taxes,government could take steps to safeguard investors interests from scammers.
Taxes on crypto currency are right think but the government will not support for that but we need to something for that to develop crypto currencies so taxes are right but need some regulation for that.