Cryptocurrency exchanges under stress as liquidity providers take a step back due to TDS

Mumbai: Cryptocurrency players' order books are under renewed stress as investors found it difficult to buy or sell such assets after liquidity providers decided to stay away deterred by tax complications. Until March, liquidity providers helped exchanges with float, or the difference between the bid and ask price to conclude a transaction. In most cases, these liquidity providers would provide such a float for a small margin. With the