Slow down cowboy

You have to see two sides of this system. One where tax evaders are trying to use bitcoin as a safe haven to save themselves from getting taxed due to their big income figures and another where normal law abiding citizens are using crypto for daily purposes.

Problem arises because taxation is the income for the state. Every government has this treasury system to fund government sectors. So taxation is a necessary evil. Now if people who are using bitcoin try to evade it too much then the government having a problem. It does not mean that bitcoin users are getting rich, but it is the opposite because essential services are going to go down for them.

So I think a taxation system should be there and a balance needs to be present, but I have no idea as to how it will be regulated.

The answer to any such problem is a compromise and not a simple yes or no. People know this but they fail to accept it because of their ego.