Days before the 30% tax came into effect, Nischal Shetty, CEO and founder of WazirX, one of India’s biggest exchanges, said what people will do now “is find ways to not be part of the [domestic] system because people are not going to leave crypto.” The Esya Centre report found that “an estimated 17 lakh users switched” from domestic crypto exchanges to foreign counterparts.
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...