The same is the case here in Pakistan, whenever a person develops by working hard or expands his business, the government imposes a heavy tax on him, then that person leaves this country under compulsion. As people are now understanding crypto and reading about it and investing in it, the government is also taxing it. Governments just want the government coffers to be full. The biggest disadvantage of high taxation is that people leave the industry because they have to pay so much tax that they can't even make a profit.
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