In my opinions, whales should actually be more worried than the smaller investors, because if the tax works on a percentages then a large portion of their profits ill actually be tax that goes to the governments.
It would be very hard to have to implement tax and many people might not look on this in a favourable light as well. I think that perhaps it would be good to rather increase tax when crypto is used for payment rather than tax crypto directly.
Yeah thats the thing because crypto is been used as a payment system and they could do that and it would be in form of vat , but taxing crypto is a no for me
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