Indian Holders of Luna 2.0 Token Could Face Tax of as Much as 30%

Indian Holders of Luna 2.0 token could face tax of as much as 30%. Because the country’s tax system is punitive to crypto investing, $USD and $LUNA token holders who got the new coin face a double whammy. They could be taxed as much as 30% of the value of tokens received and they won’t be able to offset any gains in the new token against losses from the previous one, tax experts said.