Indian Government Misses on $420 Million in Crypto Taxes as 90% Trade Volume Shifts Offshore: Report

Source: Pexels The imposition of a one percent tax-deducted-at-source (TDS) on the trading of cryptocurrencies in India has led to a massive shift of millions of users to offshore crypto exchanges, according to a recent report published by the Esya Centre. In February 2022, India’s Ministry of Finance introduced a one percent TDS on crypto The post Indian Government Misses on $420 Million in Crypto Taxes as 90% Trade Volume Shifts Offshore: Report appeared first on Cryptonews .