As governments around the world rush to impose taxes on crypto trading, it actually reflects a problem — they haven't yet figured out the true state of this market. Many traders' accounts are in loss, and rushing to increase tax pressure will only accelerate these people leaving the market.

The correct sequence should be:

**Step 1**, first clarify the legal status of cryptocurrencies. Currently, most regions are in a gray area, neither truly legal nor truly illegal.

**Step 2**, after establishing a legal framework, a complete industry ecosystem standard should be developed, providing clear operational standards for project teams, exchanges, wallets, and other segments.

**Step 3**, only on the basis of stable operation should a reasonable tax system be designed.

Skipping the first two steps and directly imposing taxes is like building a factory on a barren land without infrastructure — it will only result in chaos.