CoinGecko: day by day buying and selling volumes at Indian crypto exchanges ZebPay, WazirX, CoinDCX have dropped 60%-87% after the 1% transaction tax changed into efficient on July 1 (Sidhartha Shukla/Bloomberg)

Sidhartha Shukla / Bloomberg:

CoinGecko: day by day buying and selling volumes at Indian crypto exchanges ZebPay, WazirX, CoinDCX have dropped 60%-87% after the 1% transaction tax changed into efficient on July 1  —  Warnings from Indian crypto exchanges {that a} debatable new transaction tax would erode buying and selling are coming true, with volumes evaporating for the reason that levy took impact.