Stakeholders and exchanges have warned of the potential adverse effect Indias 30 percent crypto tax could bring even before its approval. It now appears that they might be right after all as fresh data on crypto exchanges trading volume show a significant decline just days after the new tax took effect. Research data from the Indian blockchain analytic firm Crebaco revealed that trading volume on Indias top platforms plunged by as much as 70 percent in the last 10 days after the crypto tax took into effect, according to Cointelegraph. The 30 percent tax on crypto was implemented starting...
source: https://tokenpost.com/Crypto-trading-volumes-in-Indian-exchanges-plunged-days-after-the-30-tax-took-effect-9579
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