According to my opinion, I think It's income and should be taxed. There should be a tax on capital gains because it's income and the current law is that people pay taxes on their income. If we want to debate or reform that policy, perhaps we should, but then it should be targeted at all kinds of income taxes, not just capital gains taxes. Getting rid of capital gains taxes by themselves is simply a way to cut taxes on the rich, because the rich make more money through capital gains than poor people do.
What is your thought on this matter?
Taxes allows people to circulate their fiat currency while in digital world it's completely different while Bitcoin is not controlled by the government. We can easily trade crypto to any fiat currency. Should the government starts to taking some taxes to any traded crypto so that it will circulate too? Or they should start taking the taxes from crypto and not to any fiat that's being converted already?
Government are fond of making new regulations to control something that they hasn't control over yet. And yes, they do like people to suffer from mortgage and other expenses of loans.