Start trading. I plan to start trading soon. I don't want to rush, because I und

You have to be very careful now. I heard that in Europe they are planning state regulation for crypto, but this is not yet certain.

The report by ET also said that it is the lack of consensus over the taxation of the virtual currencies, that is delaying the process. The government may provide some rules regarding the taxation of cryptocurrencies in the Budget Session, but a full-fledged framework is unlikely to be announced.

According to the report, the government has been consulting various tax experts to give their inputs but it is yet to emerge on a consensus. The two alternatives, as per the report, are that one, it should be treated as equity and the profit should be categorised as a capital gain. Second, the investment in private cryptocurrencies should be considered solely capital gains.