to redeem the bitcoin I change to the fiat currency, there is some percentage of deduction to be done. and when I transfer to the bank account number after I change my BTC assets to the fiat it is charged a few percent reduction. I think it's the same as the application of taxation so I think the tax system is running but there is no discourse in the government's explanation of bitcoin tax imposition.
That is a critical evaluation but in my opinion, we are going to pay even more than what you think. We pay the sales taxes if we pay for any good or service through Bitcoin but that is not just it. The government can also think about the progressive taxation on the money earned through Bitcoin. This is going to pain those who earn and have been holding their portfolios. But lets hope the government does not do that.