The Supreme Court rejected the plea filed by WazirX users ๐
The pain continues for Indian crypto investors ๐งต
1/โข Using Indian Exchanges
- Fear of getting hacked ( WazirX )
- No proper customer support
- Can't handle big fluctuations
- 1% TDS eating portfolio for traders
- Not much support from legal system
- Deposit/Withdrawal Issues
2/โข Using International Exchange
- Bank Freeze without resolution
- Getting notice for TDS
- Load of collecting TDS on your own
- Not much clarity on regulation side
3/โข Doing OTC P2P
- Penalties for various reasons
(TDS collection / lack of buyer/seller
details / inadequate explanations)
- Constant risk of bank account
freezes
- Fewer OTC traders available
- High risk of scams > with little to no
legal support afterward
With all these issues > We pay 1% TDS + 30% Flat Tax
Hoping things will change in future ๐ซฐ
Drop a heart โค๏ธ with your opinion โก
