shareLink copied toclipboardCEO of crypto exchange Binance Changpeng Zhao (aka “CZ”) isn’t seeing much potential for crypto-related business in India. The CEO of the world’s biggest crypto exchange also narrowed in on the harsh crypto-tax regime that India put into place earlier this year. The country taxes crypto income at 30% and crypto transactions are subject to a 1% tax deduction at the source. In addition to taxing crypto income at 30%, crypto transactions are subject to a 1% tax deduction at the source (TDS). Global #crypto regulations incoming.

Source: Forbes November 21, 2022 06:53 UTC