Domestic cryptocurrency exchanges have witnessed a sharp drop in volumes in the first three days of April following the implementation of the new tax regime. The drop in volumes is between 15 and 55 percent among various crypto exchanges.
Even the number of visitors on these exchanges has decreased. Sidharth Sogani, CEO of CREBACO Global, a research and rating firm focused on the blockchain and crypto industry, said: โWe saw a drop in volumes of up to 55 percent compared to volumes at the end of March, and also a over 40 percent drop in domain traffic on Indian exchanges. This ...
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First published: Monday, April 04, 2022. 06:10 IST
