- The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions.
- Daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect.
- Some major Indian cryptocurrency exchanges are seeing declines in the number of user sign-ups, the publication conveyed.
Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax
