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CoinTracker announces India launch
May 30, 2022
Starting recently, the crypto tax compliance and portfolio tracking products will be available to all crypto clients across India, the organization said in a press release. This comes when India’s crypto market grew exponentially in 2021, recording very nearly 641% growth, as per a Chainalysis report from October.
“CoinTracker is a universally distributed organization, and the India launch represents a major milestone for the team. The organization means to draw in crypto clients in India as well as recruit and grow their team in the country. CoinTracker additionally plans to team up with accomplices and the community to support crypto adoption and use in India and across the globe,” the press release dated May 25 said.
As per experts, crypto adoption is probably going to be seen in regional markets in India and with the latest thing, more Indians are supposed to join the crypto transformation across all demographics. From April 1, 2022, pay from the transfer of virtual digital assets, for example, cryptocurrencies and NFTs is taxable at 30%. This additionally means that tax compliance is top of mind for both users and regulators.
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