"crypto currency"

The Revenue Department plans to ease tax rules for investments in digital assets by allowing traders to offset annual losses against gains for taxes due on cryptocurrency investments, and exempt transactions from withholding tax and value-added tax, which is normally collected at 15 and 7 per cent respectively.

The government has said that its Inter-Ministerial Committee on cryptocurrency has submitted its report on issues related to the virtual currencies and that a crypto bill to regulate it is being finalised.