Friday, 24 March, 2023

Crypto exchanges claim that signups rose by 30 to 50 % on budget day

<p>On budget day, when the finance minister announced a proposal to tax digital assets, user sign-ups on crypto platforms increased by 30-50%. While crypto investors and exchanges looked for the fine print of the proposal, some viewed the announcement as an indirect way to endorse crypto trade in India. The spike in sign-ups shows that the majority of people, especially corporates who have been sitting on the side lines, &nbsp;will now be able to participate in crypto.</p>