I know that official regulations by the government can help to legitimate crypto. However, in India they want to apply a 18% taxation, I think is too much, and investing can be demotivating.
Would you feel more skeptical if you country apply such taxation as well? Or would you be happy because they legitimating crypto ?
I think that tax rates is too high. But the good news from it is cryptocurrency activities will become legal and government issuing regulation on the crypto trade. I think that tax rate should be reduce and investor will more comfort to trade crypto