header banner

Are you a robot, Bloomberg?

  • Indian exchange CoinDCX says the 1% levy is counterproductive
  • Domestic trading volumes sank as transactions moved offshore

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.

A tax that pulverized digital-asset trading in India has proved counterproductive and ought to be lowered, according to CoinDCX, a domestic exchange that was valued at over $2 billion before the levy was imposed.

Up Next

Crypto Unicorn Expects India to Lower Tax That Crushed Trading


Article information

Author: Rodney Morgan

Last Updated: 1699300322

Views: 702

Rating: 4.5 / 5 (68 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Rodney Morgan

Birthday: 1937-06-21

Address: 14644 Navarro Causeway Apt. 980, Millerberg, OR 19131

Phone: +4024616384497521

Job: Physiotherapist

Hobby: Amateur Radio, Orienteering, Board Games, Stamp Collecting, Gardening, Coffee Roasting, Cocktail Mixing

Introduction: My name is Rodney Morgan, I am a lively, bold, Precious, valuable, vivid, strong-willed, intrepid person who loves writing and wants to share my knowledge and understanding with you.