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?
A lot of implications would happen once the government intervenes and imposes tax in cryptocurrencies. First, bitcoins decentralized nature makes it a perfect vessel for investors as tax is obsolete, unlike in any other investment mechanisms. Second, if the government imposes tax, it is safe to assume that they have regulation or control towards the system. This may be beneficial in terms of having collateral but it may significantly decrease its price. Lastly, investors would shift into a new type of investment mechanism as the returns are what make bitcoin unique.
Though it really is a double-edged sword depending on where you look at it, I would prefer that the government would support its existence without having to impose prejudicial laws against it.