I don't see a problem in this. Why should we run away from taxes, earn more and pay more. Simple! On the contrary if they taxes are given there is a very high chance of crypto-currencies getting regulated and it will flow away the current cloud unregulated vs ill-legal in India. The internet you bought from your ISP also had some sort of tax that you paid to the government. Currently this space is 95% speculation and 5% real use cases. Think of it as if you are going to get a regulated space and get a opportunity to earn based on your skills of publishing. A Doctor/Lawyer/Employee/Stock Trader/Laborer every one pays a tax in India. if you want your income to be tax free then start farming and feed the world.