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Crypto tax deters 83% Indian investors from crypto trading: WazirX report

#Trading volumes on #Indian crypto exchanges saw an eventual reduction of 90–95% ever since the country introduced a law that would tax #investors 30% on unrealized gains. With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for hibernation amid an unforgiving bear market.
#Amphorium #cryptocurrency

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Independent crypto media. Find the latest news about Bitcoin, Ethereum, Altcoins, NFTs, DeFi & Metaverse.