Indian Crypto Exchanges to Brief Policymakers on Tax Tangle – ET

The industry body representing cryptocurrency exchanges has decided to reach out to relevant policymakers to brief them about complications arising out of the government’s move to levy a 1% TDS on all crypto transaction, The Economic Times reported.

The issue was discussed at the meeting of the Blockchain and Crypto Assets Council (BACC), where the overwhelming view was that this move would dent crypto trading volumes and drive small traders towards informal person-to-person (P2P) trading and decentralised exchanges (DEX).

Read the full report: The Economic Times

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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