Crypto Events
By Pankaj K
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India’s already tough stance on cryptocurrencies has just gotten stricter. While countries like Singapore, Hong Kong, and the UAE are opening their doors to digital asset…
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The newly imposed 18% GST applies across the board to nearly all services provided by Bybit for Indian users.
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This new tax regulation doesn’t exist in isolation. Indian crypto users are already facing a heavy financial burden in the form of a 30% tax on profits from crypto assets.
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For many, this could be the final straw. Crypto traders in India might now begin to explore alternatives, including decentralized finance (DeFi) platforms and peer-to-peer (P2P)…
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Keyur Rohit warns that this latest tax move might backfire by discouraging legitimate trading activity and pushing Indian users toward decentralized alternatives that are harder…
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There’s also a broader concern at play. A growing number of voices within the crypto industry are calling for India to introduce a fairer and more innovation-friendly tax regime.
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This is particularly significant given the global momentum toward crypto-friendly regulation. From Bitcoin ETFs in the U.S.
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However, it’s important to note that tax avoidance or evasion is not a sustainable strategy.
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As the 18% GST kicks in, India’s crypto tax burden has become one of the heaviest in the world.
The Currency Analytics
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