scorecardresearchTrading Dries Up on India Crypto Exchanges as New Tax Kicks In

Trading Dries Up on India Crypto Exchanges as New Tax Kicks In

Updated: 05 Jul 2022, 08:00 AM IST
TL;DR.
Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect.
FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration

FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration