The Supreme Court rejected the plea filed by WazirX users 💔

The pain continues for Indian crypto investors 🧵

1/• 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/• 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/• 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 🫰

Drop a heart ❤️ with your opinion ⚡