India’s 30% Tax and 1% TDS Drive $42B Crypto Exodus
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最新报道：India's crypto sector faces significant challenges as high taxes and regulatory gaps drive users to shift $42 billion in transactions overseas. The government imposed a 30% tax on crypto gains and 1% TDS on transactions in 2022, leading to a mass exodus of traders to foreign platforms. Industry experts warn the tax burden stifles growth while failing to curb speculation, with local exchanges losing market share to global competitors. The lack of clear regulations further complicates the situation, leaving Indian crypto businesses struggling to compete internationally.
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