First, prices of most cryptos went up but why is trading going down/ decreasing in India? I think this is probably because of the higher ta the country imposed on crypto. As I remember they have it at 30% and is pushing to make it 50% - imagine having your income taxed by half? I'll stop trading too or I'll just move to a country who offers less tax on these types of transactions.
Works like - you supposed to have 1 million but because of tax you'll just take home 500 thousand
