Investors rush to seek tax advice on crypto investments

Many investors who invest or trade frequently in cryptocurrencies are rushing to their advisors to figure out the tax implications of their investments, even as the government looks to introduce a legal framework around cryptocurrencies. Investors want to know the income tax implications on their returns, which can range anywhere up to 30%, say tax experts, given the regulatory vacuum around cryptocurrencies.

from Cryptocurrency-Markets-Economic Times https://ift.tt/3DrCdk7