In the U.S. tax season has arrived and many American cryptocurrency proponents are squirming because they have to pay for some of the gains they made last year. However, there are a lot of digital currency holders who could care less about taxes and they strongly believe that taxation is antithetical to cryptocurrencies. While there is a good portion of digital currency holders planning to file their gains and losses, many crypto-advocates dont plan to pay their tax liabilities.
what do you think the crypto coin tax should be required or not

+meritIn my point of view taxation in crypto is a good thing for crypto users because it means that crypto is highly accepted by the government and being legalized. But there is one factor that i am concern of, i think taxation is depending on the gains you earn right? I think the users who loss in crypto maybe will be exempted of this tax because how can they pay the tax that they loss? That is my own opinion though.