๐จ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐!!
#Bybit made some big changes and they start next week.
From July 7, every trade, withdrawal, and staking reward will be ๐ฐ๐ต๐ฎ๐ฟ๐ด๐ฒ๐ฑ ๐ญ๐ด% ๐๐ฆ๐ง.
๐ช๐ต๐ฎ๐โ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ถ๐ป๐ด? ๐
โข Every time you buy/sell crypto, youโll pay extra GST on top of trading fees
โข Fiat deposits and card buys will be taxed
โข Even withdrawals and staking rewards will be hit with GST
โข Converting tokens, earning yield, or using bots?
โ GST applies there too.
And from July 9:
Bybit will REMOVE these services for Indian users:
โข Crypto loans
โข Bybit card
โข Trading bots (Grid, DCA, Futures, etc.)
Everything will be shut down by July 17 if you donโt act.
๐ช๐ต๐ ๐ฑ๐ผ๐ฒ๐ ๐๐ต๐ถ๐ ๐บ๐ฎ๐๐๐ฒ๐ฟ?
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 Indiaโs strict tax rules on #crypto.