Quote from: mia_houston on Today at 04:13:00 PM

Quote from: Alisha FR on February 09, 2022, 06:38:02 PM

If the government regulates the existence of legal crypto and crypto in a country, of course this will have an impact on crypto such as strict supervision and taxation by that country. This also has a great influence on its users, both from a positive and a negative side. On the plus side, all of our assets are safely protected, if you look at the downside, huge taxes will be incurred in crypto trading.

I think we all have understood what decentralization really means, because of its decentralized nature, of course, no government or system can have a full authority over crypto, maybe the only thing the government can do is enforce regulations on the use of crypto by the people in the country,owever, to fully control crypto is of course impossible for the government to do.
I have a little doubt that the rules made by the government will be beneficial for us in the future, just like what is happening in India today, the application of high taxes actually makes crypto users even more burdened, moreover, the application of high taxes is actually more profitable for the government without there is a reciprocal benefit that is given to Indian users and it is clear in the rules of the Indian government that they do not care what happens to the assets that users own.

For sure the government doesn't care about the users that are investing in crypto, they don't care about the safety of those investments that the people are buying into.
They just want to fill the wallets of the government and that's why the 30% tax is implemented on the crypto profits, but if the person looses their money while investing in the market then there isn't any option for tax write off, so it's a loose loose situation for the people who are investing in crypto from India.