Friday, 24 March, 2023

Indians Moved Over $3.8B to Foreign Exchanges Since Crypto Tax Rules

<p>India&#39;s tax rules have resulted in local exchanges ceding the lion&#39;s share of the market to foreign players. $3.8 billion of trading volume shifted from domestic centralized exchanges to those operated offshore, a report says. India&#39;s top crypto exchanges have warned that its tax regime will force users to switch to unregulated entities. Many foreign exchanges including KuCoin and Gate allow crypto trading within certain capital limit without KYC details.</p> <quillbot-extension-portal></quillbot-extension-portal>