In my country, the Philippines, crypto owners are urged to declare their crypto capital gains for annual tax filing. This means that we are urged to pay taxes, and I don't think this is reasonable enough since crypto was not yet considered a legal tender.
Crypto regulation in the Philippines is in a quasi-legal state as of now. It is not yet accepted completely, nor has been completely outlawed. Cryptocurrency transactions are legal in the Philippines , however, the crypto coins are not considered “legal tender”.The Philippines government has implemented a capital gains tax of up to 15% on cryptocurrency transactions to regulate and tax the growing crypto market. The tax applies to profits made from selling or exchanging cryptocurrencies and purchases made using crypto.source:
https://coinpedia.org/cryptocurrency-regulation/cryptocurrency-regulations-in-philippines/ I'm not sure if this is also happening in your country. Is anyone honest enough to declare his/her crypto assets? For me, taxes should be considered
ONLY if it is officially accepted and become legal tender.
Of course any country that does not accept crypto currency as a legal tender shouldn't urged thier citizen to pay any taxes, Because there's no point in doing that when they don't accept crypto currency as a legal tender. Well I think it depends on our countries, because in my own country crypto currencies is not well recognized.
Moreover, is just few person's that recognized crypto currency why majority of them is not aware of crypto currency. This makes me to consider crypto currency not being a legal tender in my own country, yet the government didn't urged anyone to pay taxes, perhaps they don't even know if anyone is holding bitcoin or not.