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Indian crypto trading volumes slump following hefty taxes
Indian crypto traders may be giving up since they must now factor in a 30% income tax and a 1% tax per transaction on crypto trades, forcing exchange volume to plummet.
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Indian Cryptocurrency Exchanges See Rapid Growth in P2P Trading
Trading volumes on exchange-escrowed peer-to-peer (P2P) cryptocurrency trading platforms in India are rising rapidly amid the banking ban by the country’s central bank. “Indians are warming up to P2P in amazing ways,” the CEO of a local crypto exchange told news.Bitcoin.com. Several other exchanges competing in the same space are seeing similar responses from their […]
The post Indian Cryptocurrency Exchanges See Rapid Growth in P2P Trading appeared first on Bitcoin News.
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Exchanges Roundup: Pantera Fund Down 40%, Bittrex Delists Altcoins
In recent news pertaining to cryptocurrency exchanges, images circulating online show Pantera Capital’s Digital Asset Fund had a lifetime-to-date performance of minus 40% as of the end of August, Bittrex has announced the delisting of Bitshares, Bitcoin Gold, and Bitcoin Private, and Indian cryptocurrency exchange, Bitbns, has been accused of falsifying its trade volume. Also […]
The post Exchanges Roundup: Pantera Fund Down 40%, Bittrex Delists Altcoins appeared first on Bitcoin News.
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Indian Bitbns Exchange Accused of Faking XRP and BTC Trading Volume
There have always been serious concerns as to whether or not cryptocurrency exchanges fake their volume. New research alleges BitBNS – a trading platform in India – has faked a fair amount of volume, and continues to do so on a regular basis. BitBNS Faces Serious Allegations When dealing with cryptocurrency exchanges, one always has […]
The post Indian Bitbns Exchange Accused of Faking XRP and BTC Trading Volume appeared first on NullTX.
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P2P Exchange Options Increasing for Crypto Traders in India
Since the Reserve Bank of India (RBI), the country’s central bank, banned banks from providing services to cryptocurrency businesses, traders are increasingly trading on peer-to-peer (P2P) platforms. Local crypto exchanges have come up with a number of exchange-escrowed P2P solutions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Localbitcoins Trading volumes in both the […]
The post P2P Exchange Options Increasing for Crypto Traders in India appeared first on Bitcoin News.
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