The taxes are too high, in the country where I live, crypto tax is only 0.1% on every transaction and crypto asset holdings, some countries that have high taxes, want investors out of the crypto space in order for them to prefer FIAT currencies. it's just my opinion. but I'm sure there will be a change in the taxation system there, I don't know when it will happen, because some countries currently have taxes on crypto ownership and the government can't ban crypto transactions if they want to accept taxes