Stocks & InvestmentsJan 5, 2023
BlackRockdRjm88
Indians Moved Over $3.8B to Foreign Exchanges Since Crypto Tax Rules
When there is more taxes then more money is moving out of the country https://finance.yahoo.com/news/indians-moved-over-3-8b-075804289.html
Indians Moved Over $3.8B to Foreign Exchanges Since Crypto Tax Rules
Yahoo Finance
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People want to pay the taxes but it should be treated fairly like any other investment options (short term or long term gain /losses) but that was not properly addressed with crypto. This outflow continue to grow until they change their policy
Many people hold their investment in USDT ,BTC ,ETH. It depends on individual risk profile (how much they hold it on stable coins etc).
People still investing in crypto?
This is what happens when dumbasses like Nirmala Sitharaman are made to look after the economy
Crypto taxes are Joke in India until government find the way to stop P2P trade in international exchanges