India’s crypto tax impacted trading frequency of 83% of traders, says survey

A survey conducted by crypto exchanges WazirX and Zebpay found that 83% of traders believe India’s 30% tax on all cryptocurrency and non-fungible token (NFT) transfers has impacted their trading frequency. The survey shared with CryptoSlate included 9,500 respondents who had actively traded between January 1 and April 15, 2022. The respondents were divided into … Read more

India’s 1% tax has dealt a heavy blow to crypto trading volumes

The trading volumes on Indian cryptocurrency exchanges have come under added pressure from the 1% tax that came into effect on July 1. The trading volumes have been on a downward slope ever since India imposed a 30% tax on all cryptocurrency and non-fungible token (NFT) transactions and transfers from April 1. The 1% tax … Read more

Wonderland community votes to buy $25M of ex-treasury manager tokens

The Wonderland community has agreed to buy $25 million of Sifu Vision tokens. This is coming months after Sifu was forced to quit his role as Wonderland’s treasury manager over his criminal past. The DeFi protocol passed the governance proposal to invest in Sifu Vision with 89% of the votes. What will follow is an … Read more