As the crypto tax deducted at source (TDS) came into effect on July 1, over 83 per cent of crypto traders believed that the recent tax implementation deterred their trading frequency, reveals a new survey by crypto exchanges WazirX and Zebpay. The survey was involved over 9,500 respondents. The findings revealed that around 24 per […]
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“Paying 1 per cent TDS on every trade is just not done. Crypto is already so volatile, and on top of that, the tax implementation has made it difficult for traders to put their money in cryptos,” Anshul Sharma, 25, a crypto trader based in Mumbai tells indianexpress.com. Like Sharma, many traders have stopped trading […]
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The Reserve Bank of India has been a vocal critic of cryptocurrency, calling it a tool for money laundering not once but several times. On Thursday, Reserve Bank Governor Shaktikanta Das described cryptocurrencies as a “clear danger” and said that anything that derives value based on make-believe, without any underlying, is just speculation under a […]
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