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.
So if bitcoin is money then why people use this for trading and profit from this?lol
Taxation is required in any form of profiteering even if this is from what you so called money thats a simple logic,if you dont wanna get taxed then stop trading bitcoin or even holding this for a certain reason,governments has their own looks on crypto and most of them considered this as assets and not currency