If this happens it will ruin what crypto is all about, decentralized crypto shouldn't be taxed, coins like ripple and other centralized coins can be taxed, that's what I expect, government can't tax what they can't control
There are few countries on the list that even Bitcoin has been taxed which was explained according to on their revised guidelines. For example in US, but thats their protocol. There are few quite in some EU countries too, but Ive noticed that there are no guidelines specified in Asian countries. As long as it's not unfair taxes. If you don't create problems that deserve taxing, use government or anyone things, why would they tax you unless it's voluntary taxation or something?
You should probably be careful how and where you use your coins so you don't get taxed too much.
So means as long the usage of the crypto isnt that major such as use to transfer fund from an external wallet to your bank doesnt need any taxation? Having a reason thats your profit on trading? Taxation is quite broad and I am still with confusion regarding this. In my coutry taxation on crypto hasnt been implemented yet so I guess were lucky? But fees were incorporated during using some platform for using crypto. Is that enough? You should probably be careful how and where you use your coins so you don't get taxed too much.
