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After India introduced a 30% tax on crypto profits and a 1% TDS on transactions, local crypto traders started shifting their funds to offshore exchanges.
Major Indian crypto exchange CoinSwitch has laid off some members of its customer support team amid uncertain crypto regulation and stringent crypto taxation. CoinSwitch, a crypto exchange backed by Andreessen Horowitz and Coinbase Ventures, has axed 44 employees from the…
India’s stringent crypto taxation and shadow banking ban have driven crypto exchanges into survival mode. Despite this challenge, the industry is adapting, with exchanges exploring innovative strategies to stay afloat. India‘s imposing a stringent 30% tax on crypto profits and…
India’s crypto sphere is evolving with the changing Onchain Economy as more Indian crypto exchanges adopt CeFi. Five leading CeFi-based projects in India As the financial world evolves, newer concepts like Centralized Finance (CeFi) are now being adopted by crypto…