Bitcoin is now considered by the government as a property, not an income . This is the reason why they want to put taxes. I guess it is fair enough for those who earned hundreds of thousands here in the crypto world. But for those who are just starting to earn, the government should not. Still, I am in favor of the taxation. But the government should also consider the status of the bitcoin's market price.
I can say that I am a little bit afraid of that because my country is one of those who can put an enormous taxation on the income that I get, if they will do this personal percentage tax, this would be awful. Somebody would not afford that.
Yes.
Tax and transaction fee. That would really be itchy if you convert it to your own currency.
Then the widespread acceptance of bitcoin will again be slowed down. People looking forward to that will again be in dismay and would regret that they bought bitcoin. Again a panic sell could happen that could bring the value down.
Don't want this to happen so maybe they should stop the taxation and let it be. Besides, miners are already paying a lot of money for their electric bills and they are getting a lot of money from that.