u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.
in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,.
Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?
Or will the average person still stay in the markets?
but its too bad that the powers that be are making it difficult
ur thoughts?
Yhere is one thing in life that is constant and that is change, it will happen either you like it or not, it's normal because without changes there wouldn't be growth.
You see about those taxes, it varie. There are some countries that are crypto friendly and yet they don't tax their citizens because they don't know what the future hold for the for now if they will accept as it may benefit the economy or not. However, there are some countries that are tax friendly unlike the US and some other regions that are strict with crypto regulations. I hope you know that some of this people introduced high tax to just discourage people.
As for the exchanges, not like I'm in the support of government, some of these centralized exchanges are know for dubious activity, many of them has stolen customers fund, loan many of them out and also used the remaining for their own career and when the customer want their money, they file for Bankruptcy, isn't that pathetic and fraud, sometimes government need to put things in order.