FOMC Minutes Could Test Bitcoin Holders in India: Lock In Profits or Hold?
- Bitcoin trades near $63,359 as Fed minutes create a fresh decision point for Indian holders.
- USD/INR near 95.60 means Bitcoin returns in India depend on both crypto and currency moves.
- India taxes VDA gains at 30%, while a 1% TDS can apply to qualifying transfer value.
Indian Bitcoin holders with unrealized gains face a decision as the Federal Reserve prepares to publish minutes from its July 28โ29 meeting. The release is scheduled for August 19 at 2:00 p.m. ET, or 11:30 p.m. IST. With Bitcoin near $63,359, investors must assess BTC/USD and USD/INR before deciding whether to reduce exposure or remain invested.
Fedโs 9โ3 Vote Raises the Stakes for Existing Bitcoin Gains
That decision carries added significance as the Federal Reserve kept its policy rate at 3.50%โ3.75% in July, despite a notable 9โ3 split. Beth Hammack, Neel Kashkari, and Lorie Logan favโฆ
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