Crypto Exchange Trading Volume Plummets

If 2021 was the year of a dream run for the cryptocurrency market in India, the whopping growth rate may prove to be harder to come by in 2022. At the beginning of this year, the Indian government announced tax rates for the transaction of virtual digital assets (VDA). The industry heaved a sigh of relief as the announcement came to them in the form of reassurance, and recognition. 

However,  it is not all hunky-dory as the cryptocurrency exchanges have already started witnessing a downward trend in trading volumes after the rules have come…