India’s 1% Crypto Tax Has Been a Nightmare for High-Frequency Traders, Says Shardeum CEO

India’s 1% Crypto Tax Has Been a Nightmare for Excessive-Frequency Merchants, Says Shardeum CEO

As India figures out its regulatory method to the crypto trade, one factor is obvious to Shardeum co-founder Nischal Shetty: “In case you’re a high-frequency dealer, you possibly can’t afford to lose a share each time you promote,” he instructed Decrypt’s Andre Beganski at Messari Mainnet in New York. “That is one thing that is induced lots of points.”