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The government of India implemented a 1% tax on every trade over 10,000 Indian rupee. The law has only been in place for a few days, but it has already had a chilling effect.
India has doubled its capital gains tax on short-term gains for traditional equity and shares to 15%.
As the potential for financial gains dwindles, the taxation could serve as a further roadblock for citizens looking to tradecryptocurrencies.
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