India crypto tax: Investors at the crossroads striving to hold assets

A tax on cryptocurrencies has come into effect in India. From April, investors will have to pay a 30 percent tax on sales of cryptocurrencies, and will not be able to offset any losses from one against profits from another.…

India crypto tax: Investors at the crossroads striving to hold assets

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A tax on cryptocurrencies has come into effect in India.
From April, investors will have to pay a 30 percent tax on sales of cryptocurrencies, and will not be able to offset any losses from one against profits from another.
The country has one of the highest numbers of cryptocurrency investors in the world, but many now say future investors may not be so enthusiastic.

Al Jazeera’s Elizabeth Puraanam reports from the capital, New Delhi.

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