Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
You can avoid regulation, and tax on crypto if you trade on decentralized exchanges like Ref Finance then swap your coins for stablecoins like USDC on a lending platform like Burrow. Eventually stablecoins like USDC will be accepted by all retailers and will work the same as fiat on all mastercard and visa cards. If you take a loan you didn't sell anything, so there was not trade and there is no tax.