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Benzinga

Business

Navdeep Yadav

Regulatory Hammer Gives Another Blow To Bitcoin, Ethereum, Dogecoin In India

India WazirX Mobikwik Zebpay

A shadow of fear and uncertainty in India's cryptocurrency ecosystem has brought the top exchanges in the country to their knees with trading volumes for the likes of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) hitting a six-month low.

Crypto exchanges WazirX, ZebPay, and Giottus saw their trading volumes decline at a faster pace since the introduction of the 30% tax on the profits earned from digital assets by the Indian government, according to the Economic Times.

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