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Breaking News for Indian crypto trader and holders !
CoinDCX CEO Expects A Cut In India’s Crypto Tax Rate After 2024 Elections
Chauhan hinted at a possible reduction in India's current 30% crypto tax rate to 10% or even 5% in the final Union Budget 2024 document. Furthermore, he stressed that legal recognition and reconsideration could provide relief to crypto holders beyond taxation.
CoinDCX is also building a crypto wallet called Okto that allows coin holders to delve deeper into decentralised finance. It aims to help CoinDCX to attract new users who are interested in DeFi.
The company recently led a funding round in BitOasis, a crypto platform focused on countries such as the United Arab Emirates (UAE), Saudi Arabia, Bahrain, and Kuwait. This investment was to help CoinDCX expand its reach into these new markets.
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