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The Times of India
The Times of India
Business
Partha Sinha | TNN

Triple trouble for crypto: Liquidity crunch, bear market, new tax rules

MUMBAI: It’s a triad of negative factors, and not only the new rules relating to crypto currencies that kicked in on July 1, that’s giving jitters to crypto investors and driving some out of the market.

Veterans of the trading space (stocks, bonds, commodities, etc), however, feel that the current phase, popularly being referred to as the ‘crypto winter’, is a passing one in the evolutionary process of cryptocurrencies and the prices of these new age assets would soon stabilise.

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