What about India? I've heard rumors that the crypto capital gains tax rate in the country is high. While this is nothing more than an attempt to discourage crypto investment like you've said, people will always find a way to trade "under the shadows".
India was also among the countries who charged very high tax to the crypto users. they charged like 31%, which is very high. Many indians were also complaining about how
thehigh tax in their country, but their
govegov didn't care.