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Indian Crypto Traffic Took a Nosedive as Tax Regime Tightened

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Visits to Indian exchanges Wazir X, CoinDCX, CoinSwitch Kuber and ZebPay fell 80% between Feb. 1 – when Prime Minister Narendra Modi’s government announced a 30% tax on crypto profits and a 1% tax deducted at source (TDS) on all transactions – and Oct. 31, according to SimilarWeb. App downloads fell 93%, AppTweak shows.

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