The Crypto Unicorn Anticipates India Will Reduce Tax That Devastated Trading.
In a bid to track crypto transactions, India introduced a 1% TDS tax. But what seemed like a straightforward plan turned into a comedy of errors. Within months, 95% of Indian crypto trading fled to overseas platforms, as the tax created more confusion than clarity. Meanwhile, other countries raced ahead with clear crypto regulations, leaving India in a state of perplexity.
But there's a silver lining in this sitcom. India continues to adopt crypto through offshore trading and blockchain-based financial services, despite the chaos. The future looks promising with projects like Okto, a crypto wallet aimed at bringing web3 to life. So, stay tuned for the next exciting episode in the world of Indian crypto! đđ
