.Nischal Shetty, CEO of wazirxIndia and one of the most prominent figures in India’s crypto industry, pulls no punches in criticizing his country’s tough new tax laws. By amitoj
India adopted harsh crypto tax laws on Friday
"This is almost like not letting the industry function and what will happen is what happened to the drone industry where eventually the largest drone industry is in China," said Shetty, perhaps the most prominent face in crypto in India."Now all the foreign tech is going to dominate in India and we don't want that happening in crypto.""What we care most about is our customers. Millions earn a living through crypto.
What people will do now, according to Shetty,"is find ways to not be part of the [domestic] system because people are not going to leave crypto."
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