Cyptrocurrency regulation differs greatly from country to country. The US can be considered as having the most experience with innovation in this field. Cryptocurrency there is equated to property and is taxed. From the first of January even exchanging one cryptocurrency for another will be taxable. ICOs are also strictly regulated. If you have not registered your tokens as securities, than you are going to have serious problems.
Europe is trying to introduce regulations that obligate exchanges to de-anonymize cryptowallet holders. Under European regulation trade is not taxed, but profits are. For the present, the decision whether to enter cryptocurrency profits into tax declarations remains down to the conscience of the taxpayer. Belarus has legalized cryptocurrency and has introduced tax holidays up to 2022.
In South Korea, cryptocurrency is not accepted as a means of payment, but profits for all operations with it are taxed.
The creation of cryptocurrencies at the state level is another method of regulation. Firstly, this will make forgeries impossible. Secondly, issue will be controlled by the state. Thirdly, records of all operations will be available, which will help to combat corruption and crime.
Venezuela has announced its readiness to launch a national cryptocurrency –"Petro" – based on oil and other products.
Israel plans to launch the electronic shekel. The country's government has even created a working group to study cryptocurrency and has banned trade in the stock of companies where cryptocurrency is part of their turnover.
Remember the saying: «You're not supposed to win this game» Somehow have the feeling that not much of the liberty idea will remain in the end
Maybe you are right. But sometimes when you loss the battle you win a war.
True words. Let's hope. And work for it.