April 28, 2022

Bitget Enters India Amid New Crypto Tax Rules 

Singapore-based crypto derivatives exchange Bitget is entering the Indian market in the middle of the country's new crypto taxation policies.

The Indian government recently imposed a 30% tax on income from crypto trading, with an additional TDS tax of 1 percent.

Sandra Lou, the CEO and co-founder of Bitget, stated that it has received an overwhelming demand for support from India.

It aims to provide a secure platform to interact with digital assets and single-click copy trading.

Bitget has partnered with Koinly, which is a crypto tax calculation platform. 

Koinly will calculate taxes in India along with 19 other nations. 

Sandra said that Indian crypto traders are exceeding the population of a few other countries, with more than 100 million users.