How Will The TDS Affect Crypto Transaction Volume In India? | The ET Money Show

Come July 1, All virtual digital asset transactions over Rs.10,000 will see attract Tax deducted At Sources (TDS) of 1 per cent. This will be applicable on all types of assets – Crypto currencies and Non-fungible Tokens (NFTs). This along with U.S. Fed’s decision to tighten monetary policy is creating a pressure on Crypto currencies. Bitcoins that once traded at the levels of $67,000 today it is back near $20,000. Will this selloff ebb in near-term? Is this space a complete avoid or not? Find out what Ajeet Khurana, Bitcoin expert & Founder of Genezis Network had to say .#TDS #Crypto #ETNow #TheETMoneyShowRead More