Now the central government decided to apply anti-money laundering laws to trading cryptocurrencies or virtual assets.
Shubham Saini runs a tea stall named Frustrated Dropout in Bengaluru.
Union Finance Minister Nirmala Sitharaman said that VDAs would be taxed at 30 per cent.
From now, crypto investors have to pay tax on their income.
Bitcoin and gold have seen fairly equal results in terms of gains. Both of them had massive value last year.