Interest of Indian investors in local crypto and local exchanges nosedived after the government introduced stiff taxes, while interest in foreign exchange Binance remained relatively constant. By amitoj
as much as 70% on Indian exchanges days after the imposition of the tax regime, the data shows website traffic for Binance remained more or less constant from June.As for downloads, by July 22 – around three weeks after the start of the transaction tax – unique installations of Binance overtook all Indian exchanges.
In response to Parliamentary questions from opposition member of parliament Vivek K. Tankha on Tuesday, Pankaj Choudhary of the Finance Ministry said it does not register foreign crypto exchanges, and the same tax rules apply to anyone trading crypto irrespective of whether the exchange is registered in India or abroad.
"The amount of tax earned by the government shows that the actual net volume of all the exchanges combined is around 6,000 crores in Q3 2022 which is way below as compared to 2021, when the crypto market witnessed a massive bull run," said Shivam Thakral, CEO of Indian exchange BuyUcoin.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
2023 CMC Crypto Playbook: US Crypto Regulations Outlook by APCO | CoinMarketCap[CMC Playbook] 🔎 Welcome to the world of Washington meets the wild west of Crypto. 💪 In this research column, apcoworldwide covers Washington's regulatory approach to cryptocurrencies & its policy framework.
Leer más »
2023 CMC Crypto Playbook: EU Crypto Regulations Outlook by Blockchain for Europe | CoinMarketCap[CMC Playbook] 🔎 BlockchainforEU takes a deep dive into: 🔹The EU’s light(er)-touch on DeFi and NFTs 🔹The environmental impact of Bitcoin and how the EU reacted 🔹The MiCA timeline & many more aspects of the current EU crypto stage 🔥
Leer más »
Indian and Chinese Forces Clash on Border, Indian Army SaysIndian and Chinese security forces clashed on the countries’ disputed border alongside a northeastern Indian state last week, injuring several soldiers on both sides, the Indian army said Monday
Leer más »
Indian and Chinese forces sustained injuries in clash, Indian defence ministry saysIndian and Chinese troops engaged and sustained injuries at a disputed Himalayan frontier.
Leer más »
Indian, Chinese troops suffer minor injuries in clash on Dec 9: Indian armyIndian and Chinese troops suffered minor injuries in a clash in the Tawang sector of India's Arunachal Pradesh state on Dec. 9, the Indian army said on Monday, the first such incident since the deadly clash between the two neighbours in June 2020.
Leer más »
Crypto Insurance Firm Evertas Bucks Bear Market With $14M RaiseCrypto insurance firm Evertas raised a $14 million Series A round, led by polychaincap, with participation from SinoGlobalCap, realMatrixport, HashKey_Capital and others. By IanAllison123
Leer más »