Indian crypto exchange trading volumes fall following 1% TDS implementation

Indian crypto exchange trading volumes fall following 1% TDS implementation


The Coin Rise
2022-07-05 17:17:25

Since Friday, when a 1% transaction tax was implemented in the nation, trading volume on three main Indian crypto exchange platforms has decreased 72.5% on average. As exchange volumes decreased from 37.4% on BitBNS and 90.9% on CoinDCX by Sunday, it indicates that traders were badly impacted by the Tax Deducted at Source (TDS) that […]The post Indian crypto exchange trading volumes fall following 1% TDS implementation appeared first on Blockchain, Crypto and Stock News.