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.
Bitcoin can be taxed, if it is regulated and makes it official so that loyal bitcoin exchanges with the country's money will always be taxed and regulated by a legitimate institution, making investment even more passionate.