Hello everyone ,
How are you all ? I hope everyone is fine and doing great in their life.
Crypto tax has been one of the trending topics in India for last two months. People have leaved dealing in crypto currencies because they were afraid of tax or you can say they wanted to stay away from paying the 30% tax to the government.
So recently i came across a news that was much expected to me. One of the largest crypto exchange of India , Wazirx has leaved India. The CEO of the company recently shifted to Dubai with his entire family.
There two main office are still running in India and thats why i cant say if wazirx will start operating from dubai completely. Anyways , i think there will be a update soon on this topic from the company itself.
They have losed lot of there users because of crypto tax and the volume on the exchange also falled by a great number. I hope they will shift the entire company to Dubai so that people who were using there exchange can come back.
many big companies have shifted there main office out of india already and wazirx can be next joining the list. Anyways , thats all for now i will share more updates about it in coming blogs as soon a i get any updates.
Until then stick with DEX , P2P , and avoid centralised exchange from India.
thank you