New tax regime for VDAs comes into force; Ecomm orders may cost more; and IT biggies slug it out for smaller deals

According to industry estimates, the top 5-6 Indian crypto platforms clocked about $70-100 billion in trading volumes for the calendar year 2021 with WazirX alone racking about $43 billion. However, such growth is likely to taper off this fiscal if tax provisions are not altered, industry executives said.

from Tech-Economic Times https://ift.tt/Q7aUeNj