India's new cryptocurrency tax knocks trading volumes by 90%

India's new cryptocurrency tax knocks trading volumes by 90%

FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo

India’s new cryptocurrency tax has dealt a heavy blow to the country’s crypto exchanges, adding to broader sectoral woes and sending trading volumes plunging by up to 90%.

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