- Indian exchange CoinDCX says the 1% levy is counterproductive
- Domestic trading volumes sank as transactions moved offshore
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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.
Crypto Unicorn Expects India to Lower Tax That Crushed Trading