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India's 1% Crypto Tax Has Been a Nightmare for High-Frequency Traders, Says Shardeum CEO

As India figures out its regulatory approach to the crypto industry, one thing is clear to Shardeum co-founder Nischal Shetty: “If you're a high-frequency trader, you can't afford to lose a percentage every time you sell...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

India's 1% Crypto Tax Has Been a Nightmare for High-Frequency Traders, Says Shardeum CEO
As India figures out its regulatory approach to the crypto industry, one thing is clear to Shardeum co-founder Nischal Shetty: “If you're a high-frequency trader, you can't afford to lose a percentage every time you sell,” he told Decrypt's Andre Beganski at Messari Mainnet in New York. “That's something that's caused a lot of issues.”

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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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