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Crypto trading volumes in India drop as digital asset tax laws take effect

Jul. 05, 2022 1:08 PM ETCOINBy: Max Gottlich, SA News Editor2 Comments

Cryptocurrency on Binance trading app, Bitcoin BTC with altcoin digital coin crypto currency, BNB, Ethereum, Dogecoin, Cardano, defi p2p decentralized fintech market

Chinnapong/iStock Editorial via Getty Images

Cryptocurrency trading volumes in India are falling as digital asset-related tax laws became applicable in April, in addition to tanking token prices and shrinking liquidity.

Specifically, crypto exchanges such as WazirX, ZebPay, CoinDCX and BitBNS have seen

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TommyIrish profile picture
"Specifically, crypto exchanges such as WazirX, ZebPay, CoinDCX and BitBNS have seen their trading volumes plunge between 10% and 70% in the last week, Blockworks reported Tuesday, citing CoinGecko data."

Where have all the Apes gone?
Long time passing, Long time ago

The pumpers have picked them every one.
Oh, will they ever learn?

Everyone to Cryptyard, every one...
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