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.
Taxes in the crypto industry sector are indeed quite fantastic, of course this will not escape the government's notes and views to be taken whether the regulation is valid or not in the eyes of their law.
Cryptocurrency is seen as similar to stocks and of course it is not actually a taxable object but is infected and taxed because local exchanges are registered as taxable entrepreneurs, so that every user who is registered and transacts on the exchange is automatically subject to indirect tax.