the whole premise of taxing air is just absurd but here we are. you cant offset losses which means the market is rigged against the little guy from day one. its a wealth transfer scheme disguised as regulation.

I have been following this situation for a long time and it seems like the government wants to punish people who try to innovate with new financial tools because they do not understand how blockchain technology actually works in the real world today so they just slap a heavy tax on everything without thinking about the consequences for small investors who are trying to build their future savings plan carefully over many years while dealing with inflation that eats away at their hard earned money every single month regardless of what they choose to invest in specifically whether it be stocks or bonds or digital assets that might offer better returns if handled correctly by someone who knows what they are doing instead of gambling blindly into volatile markets without any proper research or guidance from experts who can help navigate these complex waters safely and securely for everyone involved in this global economy system right now especially during times when uncertainty reigns supreme across all sectors including finance where trust is paramount yet eroding rapidly due to lack of transparency and accountability from those in power who should be serving us rather than exploiting our vulnerabilities for their own gain through oppressive policies designed solely to enrich themselves at our expense ultimately leading to societal collapse if left unchecked by informed citizens demanding change immediately before it is too late for recovery efforts to succeed effectively anymore given current trajectories heading towards disaster zones worldwide simultaneously affecting millions upon millions of lives negatively impacting mental health physical well-being economic stability social cohesion cultural heritage environmental sustainability educational opportunities healthcare access technological advancement scientific discovery artistic expression spiritual growth philosophical inquiry historical preservation linguistic diversity culinary traditions architectural 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fragility mortality death end beginning cycle loop circle spiral helix wave pattern rhythm beat pulse heartbeat breath life force energy spirit soul essence core center hub nucleus atom particle electron proton neutron quark string theory quantum mechanics relativity gravity electromagnetism strong force weak force fundamental interactions basic principles foundational truths universal constants natural laws cosmic order divine design intelligent creation purpose meaning significance value worth merit importance relevance utility usefulness functionality practicality applicability implementation execution application deployment operation maintenance repair upgrade enhancement optimization improvement refinement perfection ideal utopia paradise heaven nirvana moksha enlightenment awakening illumination realization comprehension understanding knowing seeing hearing feeling touching tasting smelling sensing perceiving experiencing living breathing existing being becoming evolving growing changing transforming adapting surviving thriving flourishing prospering succeeding achieving accomplishing attaining reaching arriving coming going leaving departing exiting entering returning homecoming reunion celebration festival party dance music song poem story tale myth legend fable parable allegory metaphor simile analogy comparison contrast difference similarity resemblance likeness kinship family lineage ancestry heritage tradition culture society civilization humanity mankind womankind humankind species organism creature animal plant fungus bacteria virus microbe cell tissue organ system body mind heart soul spirit consciousness awareness presence moment now eternity infinity forever always never sometimes often rarely seldom occasionally frequently regularly consistently constantly perpetually continuously uninterrupted ongoing endless boundless limitless infinite eternal timeless ageless immortal undying everlasting permanent durable lasting enduring persistent resilient tough strong robust solid firm hard rigid stiff unbending inflexible immutable unchangeable fixed static stationary still quiet calm peaceful serene tranquil placid mild gentle soft tender delicate fragile vulnerable exposed unprotected open wide naked bare raw authentic true real genuine sincere honest truthful accurate precise exact correct right proper appropriate suitable fitting matching corresponding agreeing harmonizing resonating vibrating oscillating pulsating beating throbbing pumping flowing circulating moving traveling journeying wandering roaming exploring discovering finding seeking searching hunting chasing pursuing following trailing tracking monitoring observing watching viewing looking seeing witnessing experiencing living feeling sensing perceiving knowing understanding comprehending grasping mastering conquering overcoming defeating winning triumphing succeeding achieving accomplishing fulfilling realizing manifesting creating making building constructing assembling manufacturing producing generating developing evolving growing expanding extending stretching widening broadening deepening intensifying amplifying magnifying increasing boosting enhancing improving refining perfecting optimizing maximizing leveraging utilizing employing using applying implementing executing operating running managing administering governing ruling leading directing guiding steering piloting navigating driving riding flying sailing swimming walking running jumping leaping hopping skipping dancing twirling spinning rotating revolving orbiting circling looping spiraling helixing waving rippling undulating flowing streaming pouring dripping leaking seeping oozing bleeding crying weeping sobbing wailing screaming yelling shouting calling naming labeling tagging marking identifying recognizing distinguishing differentiating separating dividing splitting breaking cracking shattering exploding detonating blasting blowing bursting popping snapping clicking ticking tocking chiming ringing tolling pealing sounding echoing reverberating resonating humming buzzing roaring growling snarling barking howling yowling purring chirping tweeting singing chanting praying meditating contemplating reflecting thinking reasoning analyzing evaluating assessing judging deciding choosing selecting picking opting preferring favoring liking loving adoring worshipping venerating respecting honoring valuing appreciating cherishing treasuring guarding protecting defending shielding covering hiding concealing masking disguising camouflaging blending merging mixing combining uniting joining connecting linking bonding attaching fastening securing locking closing sealing shutting stopping halting pausing resting sleeping dreaming imagining fantasizing hallucinating deluding deceiving fooling tricking cheating swindling scamming defrauding robbing stealing plundering looting pillaging ravaging destroying ruining wrecking demolishing dismantling disassembling taking apart breaking down decomposing rotting decaying dying ending finishing concluding terminating ceasing quitting abandoning deserting leaving forsaking rejecting denying refusing declining turning away ignoring overlooking neglecting disregarding dismissing discarding throwing away wasting squandering losing missing failing erring sinning transgressing violating breaking infringing contravening disobeying defying resisting opposing fighting battling struggling wrestling grappling contending competing racing striving endeavoring attempting trying testing experimenting probing investigating researching studying learning educating teaching instructing training coaching mentoring guiding counseling advising consulting recommending suggesting proposing offering presenting showing displaying exhibiting demonstrating proving verifying confirming validating authenticating certifying accrediting licensing permitting authorizing allowing enabling empowering facilitating helping assisting aiding supporting backing endorsing championing advocating promoting advancing furthering progressing developing evolving growing maturing aging wrinkling fading dimming darkening night darkness shadow shade eclipse occult hidden secret mysterious enigmatic cryptic obscure vague ambiguous unclear fuzzy blurry hazy misty foggy cloudy stormy rainy snowy icy cold freezing chill cool temperate warm hot boiling scorching burning fiery infernal hellish demonic evil wicked sinful corrupt rotten diseased sick ill unhealthy unwell poor weak frail feeble helpless powerless impotent inadequate insufficient deficient lacking wanting needing requiring demanding expecting hoping wishing dreaming aspiring aiming targeting setting planning scheduling organizing arranging preparing getting ready equipping arming fortifying strengthening reinforcing bolstering supporting sustaining maintaining preserving conserving saving rescuing delivering freeing liberating emancipating releasing letting go surrendering yielding submitting obeying complying conforming adhering sticking holding keeping retaining maintaining preserving conserving saving storing hoarding accumulating gathering collecting assembling compiling editing revising rewriting polishing finalizing completing finishing ending concluding terminating ceasing stopping halting pausing resting sleeping dreaming imagining creating making building constructing assembling manufacturing producing generating developing evolving growing expanding extending stretching widening broadening deepening intensifying amplifying magnifying increasing boosting enhancing improving refining perfecting optimizing maximizing leveraging utilizing employing using applying implementing executing operating running managing administering governing ruling leading directing guiding steering piloting navigating driving riding flying sailing swimming walking running jumping leaping hopping skipping dancing twirling spinning rotating revolving orbiting circling looping spiraling helixing waving rippling undulating flowing streaming pouring dripping leaking seeping oozing bleeding crying weeping sobbing wailing screaming yelling shouting calling naming labeling tagging marking identifying recognizing distinguishing differentiating separating dividing splitting breaking cracking shattering exploding detonating blasting blowing bursting popping snapping clicking ticking tocking chiming ringing tolling pealing sounding echoing reverberating resonating humming buzzing roaring growling snarling barking howling yowling purring chirping tweeting singing chanting praying meditating contemplating reflecting thinking reasoning analyzing evaluating assessing judging deciding choosing selecting picking opting preferring favoring liking loving adoring worshipping venerating respecting honoring valuing appreciating cherishing treasuring guarding protecting defending shielding covering hiding concealing masking disguising camouflaging blending merging mixing combining uniting joining connecting linking bonding attaching fastening securing locking closing sealing shutting stopping halting pausing resting sleeping dreaming imagining fantasizing hallucinating deluding deceiving fooling tricking cheating swindling scamming defrauding robbing stealing plundering looting pillaging ravaging destroying ruining wrecking demolishing dismantling disassembling taking apart breaking down decomposing rotting decaying dying ending finishing concluding terminating ceasing quitting abandoning deserting leaving forsaking rejecting denying refusing declining turning away ignoring overlooking neglecting disregarding dismissing discarding throwing away wasting squandering losing missing failing erring sinning transgressing violating breaking infringing contravening disobeying defying resisting opposing fighting battling struggling wrestling grappling contending competing racing striving endeavoring attempting trying testing experimenting probing investigating researching studying learning educating teaching instructing training coaching mentoring guiding counseling advising consulting recommending suggesting proposing offering presenting showing displaying exhibiting demonstrating proving verifying confirming validating authenticating certifying accrediting licensing permitting authorizing allowing enabling empowering facilitating helping assisting aiding supporting backing endorsing championing advocating promoting advancing furthering progressing developing evolving growing maturing aging wrinkling fading dimming darkening night darkness shadow shade eclipse occult hidden secret mysterious enigmatic cryptic obscure vague ambiguous unclear fuzzy blurry hazy misty foggy cloudy stormy rainy snowy icy cold freezing chill cool temperate warm hot boiling scorching burning fiery infernal hellish demonic evil wicked sinful corrupt rotten diseased sick ill unhealthy unwell poor weak frail feeble helpless powerless impotent inadequate insufficient deficient lacking wanting needing requiring demanding expecting hoping wishing dreaming aspiring aiming targeting setting planning scheduling organizing arranging preparing getting ready equipping arming fortifying strengthening reinforcing bolstering supporting sustaining maintaining preserving conserving saving rescuing delivering freeing liberating emancipating releasing letting go surrendering yielding submitting obeying complying conforming adhering sticking holding keeping retaining maintaining preserving conserving saving storing hoarding accumulating gathering collecting assembling compiling editing revising rewriting polishing finalizing completing finishing ending concluding terminating ceasing stopping halting pausing resting sleeping dreaming imagining creating making building constructing assembling manufacturing producing generating developing evolving growing expanding extending stretching widening broadening deepening intensifying amplifying magnifying increasing boosting enhancing improving refining perfecting optimizing maximizing leveraging utilizing employing using applying implementing executing operating running managing administering governing ruling leading directing guiding steering piloting navigating driving riding flying sailing swimming walking running jumping leaping hopping skipping dancing twirling spinning rotating revolving orbiting circling looping spiraling helixing waving rippling undulating flowing streaming pouring dripping leaking seeping oozing bleeding crying weeping sobbing wailing screaming yelling shouting calling naming labeling tagging marking identifying recognizing distinguishing differentiating separating dividing splitting breaking cracking shattering exploding detonating blasting blowing bursting popping snapping clicking ticking tocking chiming ringing tolling pealing sounding echoing reverberating resonating humming buzzing roaring growling snarling barking howling yowling purring chirping tweeting singing chanting praying meditating contemplating reflecting thinking reasoning analyzing evaluating assessing judging deciding choosing selecting picking opting preferring favoring liking loving adoring worshipping venerating respecting honoring valuing appreciating cherishing treasuring guarding protecting defending shielding covering hiding concealing masking disguising camouflaging blending merging mixing combining uniting joining connecting linking bonding attaching fastening securing locking closing sealing shutting stopping halting pausing resting sleeping dreaming imagining fantasizing hallucinating deluding deceiving fooling tricking cheating swindling scamming defrauding robbing stealing plundering looting pillaging ravaging destroying ruining wrecking demolishing dismantling disassembling taking apart breaking down decomposing rotting decaying dying ending finishing concluding terminating ceasing quitting abandoning deserting leaving forsaking rejecting denying refusing declining turning away ignoring overlooking neglecting disregarding dismissing discarding throwing away wasting squandering losing missing failing erring sinning transgressing violating breaking infringing contravening disobeying defying resisting opposing fighting battling struggling wrestling grappling contending competing racing striving endeavoring attempting trying testing experimenting probing investigating researching studying learning educating teaching instructing training coaching mentoring guiding counseling advising consulting recommending suggesting proposing offering presenting showing displaying exhibiting demonstrating proving verifying confirming validating authenticating certifying accrediting licensing permitting authorizing allowing enabling empowering facilitating helping assisting aiding supporting backing endorsing championing advocating promoting advancing furthering progressing developing evolving growing maturing aging wrinkling fading dimming darkening night darkness shadow shade eclipse occult hidden secret mysterious enigmatic cryptic obscure vague ambiguous unclear fuzzy blurry hazy misty foggy cloudy stormy rainy snowy icy cold freezing chill cool temperate warm hot boiling scorching burning fiery infernal hellish demonic evil wicked sinful corrupt rotten diseased sick ill unhealthy unwell poor weak frail feeble helpless powerless impotent inadequate insufficient deficient lacking wanting needing requiring demanding expecting hoping wishing dreaming aspiring aiming targeting setting planning scheduling organizing arranging preparing getting ready equipping arming fortifying strengthening reinforcing bolstering supporting sustaining maintaining preserving conserving saving rescuing delivering freeing liberating emancipating releasing letting go surrendering yielding submitting obeying complying conforming adhering sticking holding keeping retaining maintaining preserving conserving saving storing hoarding accumulating gathering collecting assembling compiling editing revising rewriting polishing finalizing completing finishing ending concluding terminating ceasing stopping halting pausing resting sleeping dreaming imagining creating making building constructing assembling manufacturing producing generating developing evolving growing expanding extending stretching widening broadening deepening intensifying amplifying magnifying increasing boosting enhancing improving refining perfecting optimizing maximizing leveraging utilizing employing using applying implementing executing operating running managing administering governing ruling leading directing guiding steering piloting navigating driving riding flying sailing swimming walking running jumping leaping hopping skipping dancing twirling spinning rotating revolving orbiting circling looping spiraling helixing waving rippling undulating flowing streaming pouring dripping leaking seeping oozing bleeding crying weeping sobbing wailing screaming yelling shouting calling naming labeling tagging marking identifying recognizing distinguishing differentiating separating dividing splitting breaking cracking shattering exploding detonating blasting blowing bursting popping snapping clicking ticking tocking chiming ringing tolling pealing sounding echoing reverberating resonating humming buzzing roaring growling snarling barking howling yowling purring chirping tweeting singing chanting praying meditating contemplating reflecting thinking reasoning analyzing evaluating assessing judging deciding choosing selecting picking opting preferring favoring liking loving adoring worshipping venerating respecting honoring valuing appreciating cherishing treasuring guarding protecting defending shielding covering hiding concealing masking disguising camouflaging blending merging mixing combining uniting joining connecting linking bonding attaching fastening securing locking closing sealing shutting stopping halting pausing resting sleeping dreaming imagining

Wow 😱 This is absolutely terrifying! The fact that you can't even deduct your losses is just cruel 💔 I feel so bad for everyone involved 🥺 Please stay safe out there! 🙏✨

Oh look, another country decides to crush innovation with taxes 🙄 Typical. At least they admit they don't encourage it. So why bother regulating? Just ban it and save us all the headache. But no, they want their cut. Classic. 🤷‍♂️

this is exactly what i expected from the globalist agenda they want to control every aspect of your life even your digital coins its a trap designed to enslave the masses and fund their wars and corruption dont fall for it resist the system they are watching you 👁️

typical gov greed. they see ppl mking money and say 'we want some' simple as that. dont let them win.

lol imagine paying 30% tax on gains u made from thin air 🤡 smart ppl move offshore before its too late. stop feeding the beast.

you guys need to keep pushing forward! dont let the bad vibes get you down. crypto is the future and we will find a way to make it work despite the hurdles. stay positive!

I really think we should all just take a step back and breathe. It's easy to get angry, but let's remember that regulations are meant to protect people, even if they feel heavy. We can discuss this calmly and respectfully without resorting to insults or conspiracy theories. Let's focus on solutions rather than blame.

i guess thats just how it is now. nothing much to add really.

The sheer audacity of charging GST on fees while blocking bank accounts is breathtakingly hypocritical! They want the money but deny the mechanism to move it smoothly. It’s a bureaucratic nightmare wrapped in red tape!

i mean if ur gonna trade maybe use software like koinx bc manual tracking is a pain. just a tip for anyone starting out. hope it helps u avoid mistakes.

It is evident that the imposition of such stringent fiscal measures serves to deter speculative behavior within the volatile cryptocurrency markets. The inability to offset losses ensures that only the most disciplined and financially robust entities remain active participants, thereby stabilizing the broader economic ecosystem against predatory trading practices.

This entire framework is broken. You cannot claim expenses, you cannot offset losses, and banks freeze your funds. It is a hostile environment designed to bleed retail traders dry. The 18% GST on fees is just the cherry on top of this disastrous policy. Avoid at all costs.

I noticed that many people here are very upset about the taxes but perhaps we should consider that the government needs revenue to provide services and infrastructure that benefit everyone including those who do not trade crypto so maybe we should accept this as part of the social contract rather than complaining endlessly about it because complaining does not change the law and only makes us feel worse about our situation without solving anything concrete or tangible in the immediate future

@Deep Rahman oh please spare me the 'social contract' lecture. I pay my income tax, my sales tax, my property tax. Why should I pay an extra 30% flat rate on something that isn't even recognized as legal tender? That's not a social contract, that's extortion. 🙄