There are still some countries that seems to be okay with bitcoin but don't have much regulation towards taxation.
~snip~
You are right, if countries dare to levy taxes then I think they should dare to give flexibility to Bitcoin transactions. Don't just want the money, but the rules are tightened and there are many restrictions. This is tantamount to the state taking it forcibly without protection. In my country it is true that crypto is not completely legal and cannot be substituted for payment. But my country has regulated crypto as just an asset.
Countries that have that type of ruling towards cryptocurrencies is a good country and their citizens don't have to worry about hiding to the government or feeling bad about the governance because of it. It is fine if the government of a country only sees bitcoin as an asset because that's what we've been looking at it. As long as they're allowing people to trade and use it freely, there's not that much to think of it because of its decentralization should be against what the government is advocating but instead, it's allowed.
Of course it's a good thing if a country makes rules related to Bitcoin, because the government is planning to legalize crypto.
It doesn't matter the government only allows using Bitcoin only as a digital asset, and has not allowed it to be used as a means of payment.
Because it is necessary for the government to gradually accept Bitcoin, we sometimes have to be wise about government decisions.
The most important thing is that we can use Bitcoin without feeling afraid because of government restrictions. In my own country
the government doesn't allow using Bitcoin as payment, and I don't have a problem with that. Rather than a country that banned Bitcoin,
I think it's a country that is too closed to technological developments. Whereas the state can benefit if it legalizes Bitcoin by imposing taxes,
and that's the thing to do in my opinion.
