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4 hours ago

Bitcoin shows strong long-term confidence as HODLers remain steadfast, with experts suggesting its true value exceeds $110,000. Meanwhile, the market consolidates, with traders eyeing key support levels.

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Indian Crypto Users Slammed With 18% GST as Bybit Complies With Tax Regulation

Bitcoin.comSunday, July 6, 2025 at 2:30:37 AM
Indian Crypto Users Slammed With 18% GST as Bybit Complies With Tax Regulation
Indian cryptocurrency traders are facing a hefty 18% Goods and Services Tax (GST) on transactions after the exchange Bybit decided to comply with the country's tax regulations. This move has sparked frustration among users, who now have to shoulder higher costs when trading digital assets.
Editor’s Note: India's strict tax policies on crypto are hitting traders where it hurts—their wallets. With Bybit enforcing the 18% GST, users are feeling the pinch, and it could push some toward unregulated platforms or discourage crypto adoption altogether. This isn't just about one exchange; it reflects the broader tension between governments trying to control crypto and users who want financial freedom. If more platforms follow suit, India's crypto scene might shrink—or go underground.
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