Tag: FTX india
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After the government began enforcing the new cryptocurrency tax, Binance saw a record rise in Indian users.
Since the Indian government started taxing cryptocurrency transactions, the number of Indian users on the cryptocurrency exchange Binance has increased dramatically. However, since the new tax laws went into effect, daily trading volumes at some significant cryptocurrency exchanges with headquarters in India have decreased by over 90%. After a 1% tax deducted at source (TDS)…