India’s exchanges face consolidation in 2025 due to harsh taxation

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With India remaining skeptical toward digital currencies, the exchanges' clamor for tax relief isn't guaranteed, with industry players projecting intensified consolidation in the coming year.

The post India’s exchanges face consolidation in 2025 due to harsh taxation appeared first on CoinGeek.

According to the Esya Centre study, as much as $3.85 billion has moved to overseas digital asset trading exchanges as traders look to evade punishing taxes in India.

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Article Details

Author / Journalist: Pradipta Mukherjee

Category: Crypto

Markets: CanadaHong KongIndiaSeychellesSingapore

Topics: Sharat Chandra Amit Kumar Gupta Tax Rohit Jain Rohan Sharan Finance Uday Kotak Avinash Shekhar Regulation Raj Kapoor

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 06:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1543 words

Reading Time: 9 minutes read

Sentences: 47 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 24971237

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