This is yet another place where decentralization plays a major role. The tax rate on crypto owners becomes utterly unfair if they choose to tax even unrealized profits... that's literally fraud.  It's like the government trying to tax the value of your house increasing, even if you haven't sold it yet. It completely stifles investment and innovation and a bitter pill to swallow....

many people initially stick to decentralized platforms to escape these very acts by the governments, only to find themselves pulled back towards centralized systems because there are so few truly unrestricted decentralized platforms that can operate in major countries like yours. The government are a worse thief than the very individuals they try to portray as criminals.

a quick advice mate.. you still can protect your privacy and potentially avoid some of these predatory taxes. Do whatever it takes to keep your transactions off the record and truly within the decentralized ethos. If you give the government what they want, they will always ask for even more.