Payment services providers have also cut ties with major crypto exchanges even when the same is available for gambling and fantasy sports platforms.
Fresh data on Indian crypto exchanges’ trading volume reveals a significant decline in trading practices among Indians just ten days after the tax rule implementation. India’s new 30% crypto tax rule came into effect on April 1, despite many stakeholders and exchange operators warning against its ill effects. A research data report shared by Indian blockchain analytic firm Crebaco with Cointelegraph shows that trading volume on top Indian crypto exchanges has declined as high as 70% in the past 10 days.Crypto Trading Volume on Major Indian Exchanges Source: CreabacoThe trading volume on WazirX, the leading crypto exchange in India, declined from $47.8 million on April 1 to $13.2 million on April 10. CoinDCX’s trading volume dropped from $12.16 million to $5.76 million, follo
We współpracy z: https://cointelegraph.com/news/indian-crypto-exchanges-volume-plunges-down-as-30-tax-goes-into-effect
