Is it worth paying taxes to be able to go to court if your crypto assets are stolen? At first glance, it sounds logical: the state assumes the role of arbiter and "punisher" of criminals, ensuring legal protection. But there are nuances.
1. Will the state be able to help effectively?
Cryptocurrency is not a bank account. Stolen coins can be instantly transferred through dozens of addresses, launched into mixers or exchanged on other exchanges, disappearing forever. A trial can last months or even years, while the trail of a criminal is often lost in a matter of minutes. That is, the question is not only whether there is a framework, but whether it works in a cryptocurrency environment.
2. The price of "insurance" due to taxes.
Crypto enthusiasts often choose this market because of its decentralization and independence. Paying taxes for "protection" sounds like a departure from this idea. Moreover, will users want to pay for something they may not use? After all, most crypto operations do not include the risk of theft (unless the owner himself provides access to his private key).
3. An alternative in the form of DeFi.
Decentralized platforms offer independent protection mechanisms: multi-signatures, insurance protocols, smart contracts with reverse terms. Such instruments are often more reliable than a government framework and do not require additional taxes.
4. Persecution of criminals.
The state can indeed prosecute criminals, but this involves complete control over transactions and loss of privacy. Every transaction must be traceable and transparent to regulators, which destroys the fundamental idea of cryptocurrencies — freedom and anonymity.
Visnovok:
The legal framework can be useful for those who want to work in the legal field, but its effectiveness in the world of cryptocurrencies is debatable. The state should offer real protection mechanisms and not just collect taxes, shifting the risks to users. Otherwise, crypto-enthusiasts will choose decentralized tools that do not depend on the state and do not contradict the ideology of freedom.
