TechFlow News, March 22 — The Indian government stated that its upcoming virtual digital assets tax law will not allow gains from one cryptocurrency to offset losses from another, a move that could negatively impact cryptocurrency adoption in the country. The government plans to impose a 30% tax on profits generated from each individual token, rather than allowing investors to use these profits to offset losses incurred on other tokens. India's crypto tax regulations are set to take effect on April 1.
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