Bybit Announces 18% GST Implementation for Indian Crypto Users Starting July 2025

Bybit, a prominent global cryptocurrency exchange, is set to introduce an 18% Goods and Services Tax (GST) for its Indian users beginning July 7, 2025. This tax will be applied to all transactions on the platform, including spot trading, derivatives, fiat conversions, withdrawals, and staking services. The GST will be automatically deducted from users' assets, impacting over 310,000 active Indian traders on Bybit. This move aligns with India's regulatory framework for cryptocurrencies and could influence trading behavior and market dynamics in the region. The implementation of GST marks a significant development in the crypto taxation landscape, potentially setting a precedent for other exchanges operating in India.

Bybit to Impose 18% GST on Indian Crypto Transactions Starting July 2025

Bybit, a leading global cryptocurrency exchange, will implement an 18% Goods and Services Tax (GST) for Indian users effective July 7, 2025. The tax will apply to all transactions, including spot trading, derivatives, fiat conversions, withdrawals, and staking services. The GST will be automatically deducted from users' assets.

The move affects over 310,000 active Indian traders on Bybit's platform. For context, a ₹2,000 trading fee WOULD incur ₹360 in GST, bringing the total to ₹2,360. Transaction histories will display GST charges alongside standard fees.

This development follows India's broader regulatory framework for digital assets, marking another step in the formalization of crypto taxation. Market participants anticipate potential liquidity impacts as traders adjust to the new cost structure.

North Korea Stole 61% of Crypto in 2024 Only To See Darknet Crime Surge

North Korea’s dominance in crypto crime reached alarming levels in 2024, with state-linked hackers seizing $1.34 billion in digital assets—61% of all stolen cryptocurrency globally. Chainalysis data reveals a tightening attack cycle, with breaches occurring every 11 days compared to 13 days in 2023.

The regime refined its tactics, prioritizing private key thefts to maximize haul sizes. Stolen funds flowed through mixers like Sinbad, which laundered $147 million alone, demonstrating resilience despite sanctions against platforms like Tornado Cash.

Lazarus Group, Pyongyang’s cyber warfare unit, allegedly orchestrated a $1.5 billion heist targeting Bybit in early 2025—a figure excluded from annual totals. This escalation underscores how nation-state actors are reshaping the darknet’s financial infrastructure.