Trading volume drops as 30% capital gains tax on crypto goes into effect in India
Crypto stakeholders are predicting that the 1% tax on every transaction will affect liquidity within the sector.
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Crypto stakeholders are predicting that the 1% tax on every transaction will affect liquidity within the sector.
Oluwapelumi Adejumo 3 min read
Tapping into India's software talent to fuel a global expansion.
An ex-chief minister of India is urging the government to make crypto taxation even stricter to further discourage people from participating in the industry.
Amazon India tweeted that "something new is on the horizon" with Decentraland.
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The app markets itself as the only dating app in the world “where you can date, not just match,” and as such wants to play a pioneering role in what it calls a “dating revolution.”
A 30% tax on crypto income with no offsetting has investors up in arms. Moreover, similar tax treatment could be rolled out globally in the near future.
Ajay Tyagi, the chief of SEBI, urged Indian mutual funds to refrain from investing in crypto offerings until the government introduces a proper regulatory law.
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