I recently read about the news that instead of ban, india decides to accept crypto and tax it heavily. This should help keep the scam tokens off the indian market as people would treat the crypto more seriously rather than singing to the scams of "to the moon" baits.

Now unless you are living in islamic regimes which pretty much control people and tax them based on the religious affiliation, you would notice that govt around the world have decided to tax the coins of all types. Nobody is getting special treatment. So the crypto has now achieved the status of gold these days.

How can you manage to avoid the tax at the stage of earning?

Let's assume you earn the crypto from writing say like publish0x, steem, hive and other crypto writing sites. Now unless these sites are forced to disclose the coins you own and the coins you moved to the decentralized wallets. You would notice that you are not being taxed yet.

So you get the power of holding even to the point. And you can easily spend this crypto for your online spending and also for the FIAT to the point it gets taxed. So the holding power remains with you till that point.

What do you get the out of the decentralized wallet?

• No monitoring of the govt. Even if they do, it's not going to help unless you cash it out.
• You hold the control.
• You choose the flow of the coins.

That is not all you can do lot better in terms of the financial control when you have decentralized wallets. Like you can't be forced to pay out of such wallets when you run into issues like forced alimony in govt schemes. Or the places where often people are hold by govt to pay. Like this decentralized wallets can also help in skipping the taxes. Crypto.com recently made one video which explained the differences of such wallets too.

As long as the base blockchain supports anonymity, the decentralized wallets continue to hold power.

What do you think?

Have you experienced and observed the power of the decentralized wallet from the tax and other expenses context?