There is seemingly a growing desire by government to regulate cryptocurrency. It was once believed that bitcoin was anonymous and can't be traced. This isn't quite true since various techniques have been formulated to trace the transactions and discover the owner.
Bitcoin is not anonymous but it doesn't mean the transactions can be traced back to the actual person that made them. That is simply impossible unless the person had knowingly created a link between their address(es) and their identity like joining some sort of centralized service and giving up their identity to them!
Secondly, Exchanges are under pressure from regulators to introduce compulsory kyc for their customers.
All centralized services specially those handling money have always been forced to implement KYC long before bitcoin was even created!
Crypto tax is a growing discussion across nations which allow crypto transactions.
Not transactions, but trades.
That means when you only trade bitcoin to make profit, you have to pay a hefty tax. But if you are using bitcoin as it was meant to be used (ie. as a currency) there is no tax.
What are your thoughts on these regulations? Do you think it defeats the purpose of bitcoin's creation?
The purpose of bitcoin was to build a decentralized censorship resistant global payment system and regulating some centralized services for traders is not changing that at all!