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Data: Crypto platform trading volume has fallen by 15-55% after India implements new tax law

According to Crypto India co-founder Aditya Singh on social media.

Since India’s new tax law came into effect on April 1, transaction volumes on crypto platforms in the country have fallen by 15-55%, while domain traffic has also dropped by 40%.

Among them, the transaction volume of WazirX, India’s largest crypto platform, has fallen to less than $100 million from $208 million earlier this month.

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