Right now governments have no idea of how to tax this stuff, and they don't want people making too much money off of it so they're discouraging the use of it through draconian and unintelligible tax laws. Instead of treating it like stocks, which is what most people trading it are doing, and having you pay as you cash out, they're trying to micro regulate. And, like you said, that's f*ing ridiculous. Even in the US things have gotten hella ridiculous. Taking taxes on profits of each trade, and then completely discounting the loses ($3k? wtf?). Best idea would just be to move to a country that doesn't regulate like a jerk.