Breaking News in India: Crypto becoming legal? Wednesday, 2 Feb 2022 10:15 pm
The Indian government has now announced a 30% tax on income made from digital assets, e.g. NFTs and crypto currencies. The previous fear that crypto would be banned in India is thereby overcome, as crypto currencies are now legal.
Read more in our news post here
Historical returns are no guarantee of future returns. All trading in financial instruments involves risk, including currency trading with crypto currencies or CFDs. Financial instruments can both rise and fall in value and it is not certain that you will get back invested capital.
Only invest capital that you are prepared to lose. Crypto currencies are extremely volatile, can involve high risk and is not for everyone, states Crypto Lists Ltd. CFDs are complex instruments that have a high risk of losing money due to leverage. Between 62-89% of all private investor accounts lose money when trading CFDs. You should consider if you understand how crypto currencies and/or CFD works and if you can afford to take the high risk of losing your money.
The information on this site is presented for educational purposes only and should not be construed as investment advice.