According to a report by the New Delhi-based Esya Centre, a technology policy research organization, Indians shifted over $3.8 billion in total trading volume from domestic to foreign crypto exchanges after the country imposed strict cryptocurrency tax laws on February 1, 2022. Movement of Foreign Exchanges During the period February-October 2022, a total of $3.852 billion (INR 32,000 crore) was transferred. According to the study, a total of $3,055 million in volume was transferred offshore in the first six months of the current fiscal year. The importance of the paper arises from the fact that it offers the first financial The post Indians Shift Over $3.8B to Foreign Exchanges Since New Crypto Tax Laws appeared first on Cryptoknowmics-Crypto News and Media Platform .
