CZ Takes On The Heavy Taxation By The Indian Authorities On Crypto Platform

The chief executive officer of Binance, has a take on the increase in taxation in India as they roll out the anti-crypto policy with their the increase of their taxes to about 30%, which he says that it will probably kill the crypto industry in India.
With their recent acquisition of a native crypto exchange WazirX CZ Binance reveals that the deal was never completed that they only provide crypto wallet address services to it.

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India introduction of 30% tax and also 1% on transaction fees will do more harm then good, because statistics shows that since this was introduced local crypto exchanges has dumped in volume. The government has been able to tighten their regulations on these platforms, it’s really certain that these polices will not be of benefit to the growth of cryptocurrency in India.
Well if am asked I feel there is a better approach towards this, and I still feel cryptocurrency is a great opportunity if you give it the chance.

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