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Showing posts from April, 2022

Crypto investor profile changes as tax regulations kick in

Crypto investor profile changes as tax regulations kick in  Follow us on -  LinkedIn  - https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/   Young investors who have been driving the cryptocurrency boom in the country seem to be liquidating their positions amid new taxation rules, only to be replaced by high net-worth individuals (HNIs) as the key investor segment on crypto exchanges. Exchanges said several young investors who made money through high volumes of trading, including many from smaller cities and towns, have liquidated their positions, especially in the riskier assets. At the same time, HNIs who tend to invest high amounts, sometimes touching anywhere around Rs 10 lakh in one go, are showing increasing appetite for crypto assets, they claimed. Now, the changing profile of the investor...