NEW DELHI: India’s decision to impose a 30% tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges.
Binance-owned WazirX, India’s largest crypto bourse, has seen daily sign-ups on its platform jump almost 30% since February 1, when the government unveiled the levy on the transfer of digital assets in its annual budget, said co-founder Nischal Shetty.
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