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cryptonews

2023-01-04 12:54:00

India's Crypto Space Has Been "Crippled" Under Crypto Tax Laws: Report

India's Crypto Space Has Been "Crippled" Under Crypto Tax Laws: Report

India's crypto industry has been "crippled" under the country's controversial tax laws in 2022. According to a new report by Esya Centre, a Delhi-based technology policy think tank, Indian crypto investors have moved over $3.852 billion (INR 32,000 crore) worth of digital assets from local to international crypto exchanges since February last year, when the nation announced a 30% tax on income from cryptocurrencies. ... Read More: India's Crypto Space Has Been "Crippled" Under Crypto Tax Laws: Report

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