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.
Our government can come in by any form as long as it involves payment of money for them, they often rake series of attacks on bitcoin because they don't have the ability and capacity of controlling the people as well as their assets in crypto, but through this, they have just got you apprehended using other means, If i were you, am going to be very careful of using a crypto exchange in that country and try to maintain privacy for my own good, any centralized institution will not be safe for use by any crypto minded individuals because they can be traced by the government.