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India Slaps Hefty 18% GST on Crypto Services—Traders Brace for Impact
India Slaps Hefty 18% GST on Crypto Services—Traders Brace for Impact
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New Delhi tightens the screws on digital assets with an 18% tax hammer—just when retail investors thought compliance couldn't get more painful.
Why it stings: The levy applies to all crypto-related services, from exchanges to wallet providers, squeezing margins in an already volatile market.
Silver lining? At least it's not the 28% nightmare some feared—though that's cold comfort for traders dodging this fiscal landmine.
Bonus jab: Another masterclass in governments taxing innovation while traditional finance still can't settle transactions in under three days.
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