Cryptocurrency

Virtual currency a real concern for investors

“While the RBI’s statement does make investments in Bitcoins or any other cryptocurrency more difficult, I don’t think such investment is still illegal. For many investors who may have exited the investments in the last two days, normal capital gains tax at 20% on the returns must be levied if the holding is long term and 30% in other cases.”

Riaz Thingna
Director, Grant Thornton Advisory Private Limited

This article appeared in Economic Times on 07th April, 2018.