India: Unrealized Gains Taxes on Crypto?

#India #cryptocurrency #bitcoin
India has imposed a crypto 30% tax. This would apply to unrealized gains as well:

"Apart from that, traders cannot offset their losses against profits and each trading pair will be considered independently for the tax deduction."

Would the US enact something similar?

India Looks Forward To Launch CBDCs Through A Classified Proposal
https://coinpedia.org/regulations/india-looks-forward-to-launch-cbdcs-through-a-classified-proposal/

30% crypto tax becomes law in India following Finance Bill approval
https://news.iobanker.com/2022/03/30/30-crypto-tax-becomes-law-in-india-following-finance-bill-approval/

China is now the world's 2nd-biggest bitcoin miner after activity bounced back from the government's crackdown
https://markets.businessinsider.com/news/currencies/china-bitcoin-mining-crypto-ban-hashrate-covert-us-recover-2022-5

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