Some might condone this action by saying that atleast they are being recognised by a sovereign government but is such a recognition even good? Firstly, you’re taxed at the highest possible tax rate, then just by the sheer fact that you trade on crypto platforms- you can be considered a part of the larger terrorist cartel.
There is enough technology leap that the larger populace needed to jump & cross in order to adopt the technology. And now the governments around the world are creating artificial social barriers. As once you’re labelled a suspect for a terrorist- imagine trying to find a job, a house in a nice locality, and so on.
Even in the country that i come from- India, they’ll tax our profits for 30% and there’s no set off for any losses that you might incur in the process. And this is just the taxation part, the real Cryptocurrency bill is in the construction stage right now. It might/ not make trading in crypto ecosystem illegal.