Regulations AND Taxes have already killed cryptocurrencies.
I laugh loud at those that think this taxes actually mean something positive. Taxes can be payed when you win money. But you are ACTUALLY LOSING IT. So, whenever you will need to cash out, since the government does not know at which price you bought, they will tax you as if that money was a profit, when, indeed, it's a lost.
Consider this. If the profit for a miner right now mining ETH, is just a few cents per card per day, can you imagine losing more money in taxes???
And what about those big whales??? do you think THEY HAVE NO OTHER PLACE TO PUT THEIR MONEY TO EVADE TAXES??? Are you all MAD?
![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
The key here is: when did the apocallypse of crypto begun??? Well....the moment governments and banks begun talking about taxes , regulations and problably the end of anonymity.
In spain, btw, the government has started asking 16 exchanges and all the banks, to trace and track all operations with crypto and communicate that you the government so that the equivalent in Spain of the SEC, can crash those investors.
Cryptomarket is dead, and laws , regulations and Taxes have not even begun.
Don't be morons.