Lofty crypto tax regime in India keeps traders, startup investors at bay

Lofty crypto tax regime in India keeps traders, startup investors at bay

Source: Unsplash

Until mid-2022, Thomas Vallianeth, a technology lawyer based out of Bengaluru, had been an active trader in the cryptocurrency market in India. However, after the Indian government levied a 30% flat income tax on cryptocurrencies in July 2022, Vallianeth said he cashes out part of his corpus of crypto investments in favour of more conventional investment assets like stocks.

Edited by: Padma Priya

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