India's Crypto Tax Relief Likely Two Years Away, Says Leading Exchange CEO
India's crypto industry may have to wait for up to two years for a more lenient crypto tax regime, as per domestic exchange WazirX's CEO. Last year, Indian authorities introduced a 1% Tax Deducted at Source (TDS) on cryp...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Last year, Indian authorities introduced a 1% Tax Deducted at Source (TDS) on cryptocurrency transactions, which led to a significant decline in trading volumes.
This move prompted market makers and high-frequency investors to reduce their involvement due to the increased costs. ...
Read More: India's Crypto Tax Relief Likely Two Years Away, Says Leading Exchange CEO
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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