It isn't since it doesn't change property relations. It is more of a "different asset" they could own and speculate with.
> If finance can't be tracked it can't be taxed.
Crypto-tokens are very traceable and most can be deanonymized by forensic accountants.
> If it's mainstream more and more people could potentially switch to crypto, which would reduce their tax collections.
It wouldn't and most people aren't savy enough in cybersecurity to avoid having their tokens stolen. (And most protocols don't have a chargeback or recovery mechanism)
It isn't since it doesn't change property relations. It is more of a "different asset" they could own and speculate with.
> If finance can't be tracked it can't be taxed.
Crypto-tokens are very traceable and most can be deanonymized by forensic accountants.
> If it's mainstream more and more people could potentially switch to crypto, which would reduce their tax collections.
It wouldn't and most people aren't savy enough in cybersecurity to avoid having their tokens stolen. (And most protocols don't have a chargeback or recovery mechanism)