My country India doesnt consider crypto valid currency. So there is no taxation on it.
But we can expect india to impose taxation future , because banning of crypto is impossible. The only way yo create income for a nation from crypto is taxation.
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Yes, governments would like to get their hands on crypto wealth.
The other thing gov. can do is to launch the national cryptocurrency, and make it legalize and make whole new structure of taxation on it.
Yes, they are already trying to do this, but it goes against the whole idea of decentralization.
Yes thats true, it will be against the idea of decentralization. Then gov. will manipulate the crypto, the same way they have been manipulating the fiat and stocks.