๐Ÿšจ๐€๐“๐“๐„๐๐“๐ˆ๐Ž๐ ๐ˆ๐๐ƒ๐ˆ๐€๐ ๐‚๐‘๐˜๐๐“๐Ž ๐”๐’๐„๐‘๐’!!

#Bybit made some big changes and they start next week.

From July 7, every trade, withdrawal, and staking reward will be ๐—ฐ๐—ต๐—ฎ๐—ฟ๐—ด๐—ฒ๐—ฑ ๐Ÿญ๐Ÿด% ๐—š๐—ฆ๐—ง.

๐—ช๐—ต๐—ฎ๐˜โ€™๐˜€ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ถ๐—ป๐—ด? ๐Ÿ‘‡

โ€ข Every time you buy/sell crypto, youโ€™ll pay extra GST on top of trading fees

โ€ข Fiat deposits and card buys will be taxed

โ€ข Even withdrawals and staking rewards will be hit with GST

โ€ข Converting tokens, earning yield, or using bots?

โ†’ GST applies there too.

And from July 9:

Bybit will REMOVE these services for Indian users:

โ€ข Crypto loans

โ€ข Bybit card

โ€ข Trading bots (Grid, DCA, Futures, etc.)

Everything will be shut down by July 17 if you donโ€™t act.

๐—ช๐—ต๐˜† ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ?

โ†’ Trading just got more expensive.

โ†’ Bots and passive income tools are being taken away.

โ†’ More users might move to DeFi or P2P platforms.

This is part of Indiaโ€™s strict tax rules on #crypto.