India’s new crypto rules are making life hard for hodlers

If you’re a current cryptocurrency hodler or a potential investor in India, the government wants you to think twice before putting your money in the sector. For cryptocurrency enthusiasts in the country, it’s been hard to get excited about the space because of speculation of bans and restrictions over the last few years. In February, the county’s finance minister Nirmala Sitharaman gave them hope by introducing a tax scheme and recognizing the industry. While it didn’t give any legitimacy to the cryptocurrency sector, the move meant that there won’t be a blanket ban on trading anytime soon. But in the…This story continues at The Next Web https://thenextweb.com/news/india-cryptocurrency-tax-banking-regulation-investment-analysis