Indian crypto traders turn to Binance to avoid TDS

  • Daily volumes at key India-based platforms are down since a 1% tax on crypto transactions took effect. Indian-origin platforms have begun deducting the levy but many foreign peers like Binance and FTX haven’t.
  • The government still needs their tax deducted at source, and they’ll get it one way or another, it’s just that the users are not aware of that.

[Via]

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