Started petition: Urging the government to reconsider & reduce crypto tax. These new crypto tax rules are too harsh & will hurt the entire industry.
Petition Link - https://t.co/B0OKWedD5q
#reducecryptotax
@Fejos2529 Thatโs what mentioned in the video - 67 seats are supporting (that includes 19 from Arab Bloc)
not sure what are you referring to when you mention misinformation.
From what I know, most of Indian exchanges follow hybrid model for order book and get liquidity from foreign exchanges.
If this changes, Indian exchange might end up having very thin order books resulting in bigger slippage.
I guess local order book exchanges will be the way forward for crypto in India.
A lot of existing exchanges have been operating as liquidity aggregators or using hybrid models, relying on foreign exchanges for liquidity.
And it seems the ED isnโt too happy about that.