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Report: Indian Crypto Exchanges Lose Billions Due to Tax Regulations

 

The Indian government imposed a 30% tax on income earned from cryptocurrencies. The result was a shift in crypto from domestic to foreign currency, which was worth Rs 32,000 crore between February and October 2022. The study was done by The Esya Centre in Delhi and was called Virtual Digital Asset Tax Architecture (India). Out of
CoinGape’s first post, Crypto Exchanges in India Lose Billions Due to Tax Regulations: Report appeared originally on CoinGape.

 

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