It’s Everything Or Nothing

In the absence of any regulatory mechanism, there is no circuit breaker or warning system, for crypto trade. The inherent volatility of the instrument stems from the fact that the assets can be traded in minute fractions. Cryptos can be divided up to several decimal places and an investor can buy even a fraction of a currency. Selling cryptos is classified as a business and one has to pay taxes according to business and professional tax slabs and, as an investor, profits would fall in the ambit of capital gains tax.