Crypto exchange Binance rules out India expansion citing taxation issues

Crypto exchange Binance does not see India as a viable location for its business. This was revealed by CEO Changpeng Zhao (CZ) who cited the countrys strict tax regime, adding that his company prefers countries where regulations are pro-crypto and pro-business. At a Techcrunch Crypto conference on Thursday, CZ admitted that his crypto exchange is unlikely to expand its operations in India. To be honest, I dont think India is a very crypto-friendly environment, the Binance CEO said, Bitcoin.com reported. CZ expressed his disappointment over the countrys crypto tax regime, which was...

source: https://tokenpost.com/Crypto-exchange-Binance-rules-out-India-expansion-citing-taxation-issues-9823

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