Governments continue to clamp down on exchanges which is why an increased demand on a decentralized exchange is becoming needed. We pay for the shady dealings some of these companies do such as siphoning money off the top and not reporting it.
Now of course you should be paying your taxes on your earnings, If your not your seriously stupid! If you have a massive 100% gain or more that you cashed in on don't forget to pay your taxes on it and remember to be happy with the huge amount of wealth you just got. Heck you could be putting it in a savings back and collecting 1-2% a year an losing money to inflation!
More then ever we as a people need to start standing together and coming up with viable solid solutions to these crack downs or everything we have worked for will be gone. India is just another example of governments clamping down on this.
But as research shows this is totally blown out of proportion and seems like sites are only reporting bad news about bitcoin anything instead of good. Lets not forget all the major advancements we have made to block chains already. Stand fast and stand strong!
