Now in India, profit from bitcoin trading will be heavily taxed. Notice for ₹ 0.1 M tax to be paid has been issued to bitcoin holders in India.
So stupid. bitcoin is a money. what kind of tax can they take from trading a money. Same story in my country. government says that they are going to add some new regulations and bring taxes regarding cryptocurrency trading.
most countries now have tax on bitcoin. because they have been afraid of losses that are not obtained. because until now we have an advantage but the country does not collect it. so that is what they think is a loss.