Crypto trading booms in India's interiors as job growth, incomes disappoint

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The story "Crypto trading booms in India&#039;s interiors as job growth, incomes disappoint" was covered 6 hours ago by Business Standard, a news publisher based in India.

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Crypto trading booms in India's interiors as job growth, incomes disappoint - Business Standard

Quick Summary:

While the 30 per cent tax it levies on crypto trading gains is among the most stringent globally, the country, unlike most G-20 nations, has neither introduced new norms to govern crypto, nor folded it under existing securities rules.

Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth.

That's true for the stock world and it's true for crypto," said Balaji Srihari, vice president at CoinSwitch which has 20 million users.