Crypto trading dips as India’s new tax regime begins
buddingburgeons.substack.com
With the implementation of the 30% tax regime on cryptocurrency from 1st April, trading volumes have dipped on almost all Indian crypto exchanges. The dip is between 15% and 55% among different crypto exchanges. Nomics, a cryptocurrency data compiler, reported that while trading was at its highest on 30th and 31st March, trading platforms like CoinDCX, WazirX and Zebpay saw a harsh dip in volumes starting April 1.
Crypto trading dips as India’s new tax regime begins
Crypto trading dips as India’s new tax regime…
Crypto trading dips as India’s new tax regime begins
With the implementation of the 30% tax regime on cryptocurrency from 1st April, trading volumes have dipped on almost all Indian crypto exchanges. The dip is between 15% and 55% among different crypto exchanges. Nomics, a cryptocurrency data compiler, reported that while trading was at its highest on 30th and 31st March, trading platforms like CoinDCX, WazirX and Zebpay saw a harsh dip in volumes starting April 1.