🚨𝐀𝐓𝐓𝐄𝐍𝐓𝐈𝐎𝐍 𝐈𝐍𝐃𝐈𝐀𝐍 𝐂𝐑𝐘𝐏𝐓𝐎 𝐔𝐒𝐄𝐑𝐒!!
#Bybit made some big changes and they start next week.
From July 7, every trade, withdrawal, and staking reward will be 𝗰𝗵𝗮𝗿𝗴𝗲𝗱 𝟭𝟴% 𝗚𝗦𝗧.
𝗪𝗵𝗮𝘁’𝘀 𝗰𝗵𝗮𝗻𝗴𝗶𝗻𝗴? 👇
• Every time you buy/sell crypto, you’ll pay extra GST on top of trading fees
• Fiat deposits and card buys will be taxed
• Even withdrawals and staking rewards will be hit with GST
• Converting tokens, earning yield, or using bots?
→ GST applies there too.
And from July 9:
Bybit will REMOVE these services for Indian users:
• Crypto loans
• Bybit card
• Trading bots (Grid, DCA, Futures, etc.)
Everything will be shut down by July 17 if you don’t act.
𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗮𝘁𝘁𝗲𝗿?
→ Trading just got more expensive.
→ Bots and passive income tools are being taken away.
→ More users might move to DeFi or P2P platforms.
This is part of India’s strict tax rules on #crypto.