35-59% JUMP IN CRYPTO EXCHANGE – IMPACT OF UNION BUDGET IN INDIA
Despite the Union Budget that imposed a tax on crypto exchanges including CoinSwitch, Kuber, WazirX, and Unocoin, there has been a reported jump in sign-ups. New users or investors are joining platforms that increased by 35-59% across exchanges. It happened when the cryptocurrency industry and stakeholders wrote a petition to the government urging stringent tax slabs and giving clarity on details.
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