Indian Crypto Exchanges See A Huge Blow With New Tax Rules #togrp7

Alerts from Indian cryptocurrency exchanges that a disputed fresh transaction fee would reduce trade are going to come into reality, with volumes dwindling since the tax went into force.According to CoinGecko, three exchanges — ZebPay, WazirX, and CoinDCX — saw drops in the quantity of everyday trade of between 60% and 87% immediately after the 1% tax deduction came into effect on July 1. A fourth exchange, Giottus, had its trade fall by 70%, according to its CEO. #togrp7

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