Last night the game Axie Infinity was shown on the mainstream media and they cover stories of successful players who earn lots of income with it. But the problem is, the government also watches the stories from another side of the world and thinking that they can put some taxes on it. This kind of news is something you don't want to see because once they put their hands on these earning opportunities, they will fill all of the games and trading platforms out there with taxes. They shouldn't be happy when they got an interview because the one will suffer are those who entered late in the game and put some huge amount of capitals.
Source:
https://mb.com.ph/2021/08/23/axie-infinity-earnings-subject-to-tax-dof/?fbclid=IwAR3x4_5dUJV2w5KtmnPs4OY8_h4NQsdnBm_fHUjkpdFx-dA-Bq5Zd-1CuBc
Source:
https://mb.com.ph/2021/08/23/axie-infinity-earnings-subject-to-tax-dof/?fbclid=IwAR3x4_5dUJV2w5KtmnPs4OY8_h4NQsdnBm_fHUjkpdFx-dA-Bq5Zd-1CuBc
That is right, you made a very good point and that is the nature of the government but however, there is no way one can hide his platform and development just because the government don't like it, that is to say, more of this will be seen in the coming days. Also, most governments have tried to limit Bitcoin and crypto growth in their country but yet, people are still getting involved because it is hard to ignore, therefore this one will still progress irrespective of what the government says, all that is needed is for the team to continue developing and working on what will attract more users and investors.
Lastly, sooner than later, they will understand that crypto has come to stay and there is little to nothing they can do about it, than finding ways to accommodate it.