scorecardresearchTerra Investors in India Lost Big. Now They Face the Taxman

Terra Investors in India Lost Big. Now They Face the Taxman

Updated: 06 Jun 2022, 07:30 AM IST
TL;DR.
Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India aren’t as fortunate.
A cryptocurrency automated teller machine (ATM), operated by trading platform BitMahavi, inside a currency exchange office in Bucharest, Romania, on Tuesday, May 31, 2022. Cryptocurrencies re-established their tendency to trade in tandem with equities after divergence last week sparked concerns that investors would continue dumping digital tokens even amid a revival in demand for other risk assets. Photographer: Andrei Pungovschi/Bloomberg

A cryptocurrency automated teller machine (ATM), operated by trading platform BitMahavi, inside a currency exchange office in Bucharest, Romania, on Tuesday, May 31, 2022. Cryptocurrencies re-established their tendency to trade in tandem with equities after divergence last week sparked concerns that investors would continue dumping digital tokens even amid a revival in demand for other risk assets. Photographer: Andrei Pungovschi/Bloomberg