so basically here are a few questions you should ask yourself, cryptocurrency is freely used in other countries without any government issues also in some of these countries the government welcomes cryptocurrencies its beneficial to the economy. At this time unlike the u.s. and the u.k. if you live in the u.s. or the u.k. and have an idea for a crypto company will you setup shop in a place you know you will face a lot of government issues? do you think cryptocurrency is beneficial? do you believe in a decentralized financial economy?
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Your questions don't really have anything to do with this.
Income tax is a thing in most countries. Docent matter what currency it is in, in most places.
But you have one point. Why didn't they create Bitconnect in another country where Cryptos does not count as money.
U.K doesn't really seem to be against Crypto just like the rest of EU. They are just scared of money laundering.
I know in the u.s. I read an article the IRS requested the account information including passwords from coinbase, I've seen google and facebook fold to the government (government pockets are endless and they can make a law just to win) most of the crypo companies are in japan, china, thailand etc. there must be a reason for that.