Crypto Exchange Trading Volume Plummets

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If 2021 was the year of a dream run for the cryptocurrency market in India, the whopping growth rate may prove to be harder to come by in 2022. At the beginning of this year, the Indian government announced tax rates for the transaction of virtual digital assets (VDA). The industry heaved a sigh of relief as the announcement came to them in the form of reassurance, and recognition. 

However,  it is not all hunky-dory as the cryptocurrency exchanges have already started witnessing a downward trend in trading volumes after the rules have come…



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Crypto Exchange Trading Volume Plummets


If 2021 was the year of a dream run for the cryptocurrency market in India, the whopping growth rate may prove to be harder to come by in 2022. At the beginning of this year, the Indian government announced tax rates for the transaction of virtual digital assets (VDA). The industry heaved a sigh of relief as the announcement came to them in the form of reassurance, and recognition. 

However,  it is not all hunky-dory as the cryptocurrency exchanges have already started witnessing a downward trend in trading volumes after the rules have come…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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