I understand that the major reason for Crypto is to hide but can there be a solution that tracks the transfer of crypto and remit tax to nations. I think its fair enough for developed and developing nations to also protect their own end too.
I think countries and especially governments have a lot of concern and that is the reason they do not want it to be implemented in their countries. They fear loss of tax money if implemented.
Yeah you are right that most of the people use cryptocurrency for illegal money. But now governments can chase transactions and find out the owner of the bitcoin wallet. But I am not in favor of taxation. Government already collects different kinds of taxes, why I should give tax on my transaction? Government does nothing for us and we face difficulties in life especially financial problems.