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Tax on virtual digital assets a concern for NFTs; impact may be short term: Experts

Read the expert views of our Associate Partner, Vinu Peter Immanuel published by Money Control in its story “Tax on virtual digital assets a concern for NFTs; impact may be short term: Experts”.

Since NFTs are traded mostly by using cryptocurrencies, any slowdown in cryptocurrency trading may have an impact on NFT transactions as well. Although it could be a temporary phenomenon where cryptocurrency investors have taken a step back and are waiting for more clarity from the government.

Check out the full story here.

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