Quote from: allthebitandbobs on Today at 09:18:23 AM

My nation also charges a high level of tax too, same amount nearly, so it is not really that shocking that the whole world is seeing this as something that is a good way to make more money for the governments. Governments always need more taxes, because that is how they are run, they use that money, and if they can tax more then they will tax more. That is the critical reason why crypto profits are taxed this high.

I have seen as high as 50% on the profit, so basically government is partnering up with me on my profits, but not looking at what I lose. So if I make a 100 dollar bet, and make 100 dollars and then lose that 100 dollars, that means I am back to where I started, and yet I have to pay half of that to the nation, makes no sense.

Bitcoin and crypto is going to be most talked thing in coming days with many countries are doing their best for having legal tender because now few are realizing it's going to be a good way of having more investment and taxes for them.
In our country right now work is going on which is good sign because they are bringing many soft policies which will encourage peoples to have their share in this which is surely as investment good for them because this will give them good profit while as saving is also good need to read all before doing any decision.
Currently, no taxes are applied on us because peoples are doing without any legal tender but surely in near future things are going to take changes which are surely interesting because here government can collect good funds and also its good way of bringing good investments.