India won’t allow offsetting loss on one crypto with profit from another

India’s proposed taxation law of virtual digital assets won’t permit individuals to offset loss on one asset against profit from another, the Ministry of Finance said Monday in a move that the head of the nation’s top cryptocurrency exchange termed as “detrimental” and “regressive.” India proposed law for taxing virtual currencies in February this year. … Continue reading India won’t allow offsetting loss on one crypto with profit from another