Friday, June 14, 2024

Indian Crypto Site visitors Took a Nosedive as Tax Regime Tightened

by Jeremy

Visits to Indian exchanges Wazir X, CoinDCX, CoinSwitch Kuber and ZebPay fell 80% between Feb. 1 – when Prime Minister Narendra Modi’s authorities introduced a 30% tax on crypto earnings and a 1% tax deducted at supply (TDS) on all transactions – and Oct. 31, in response to SimilarWeb. App downloads fell 93%, AppTweak reveals.

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