Here in the Philippines, there's no such law about imposing cryptocurrency taxation unless you declare it as income. The tax you are going to pay is the taxable income. The government is not strict on implementing taxation unless they found out that you earn from it.
Its really good here in our place and I hope that it will remain forever, a tax free investment is always good for us. The law doesnt required us to pay any taxes, our country also support cryptocurrency and many exchange are planning to do business here. The fees with the exchange are the only tax we are paying and the rest is free of tax.