Visits to Indian exchanges Wazir X, CoinDCX, CoinSwitch Kuber and ZebPay fell 80% between Feb. 1 – when Prime Minister Narendra Modi’s government announced a 30% tax on crypto profits and a 1% tax deducted at source (TDS) on all transactions – and Oct. 31, according to SimilarWeb. App downloads fell 93%, AppTweak shows.
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- Source: https://www.coindesk.com/policy/2022/12/14/indian-crypto-traffic-took-a-nosedive-as-tax-regime-tightened/?utm_medium=referral&utm_source=rss&utm_campaign=headlines