Derivatives exchange Bitget launching in India
The exchange hopes to circumvent the latest crypto tax regulations by partnering with crypto taxation software Koinly
By Shashank Bhardwaj
Sandra Lou, CEO and co-founder of Bitget
Image: Bitget
Crypto derivatives exchange Bitget is all set to make its debut in the Indian market. Bitget's entry into India comes at a time when crypto investors and exchanges across the country are grappling with the regulations that impose a 30% tax on crypto income. Several of the country's top crypto exchanges have seen their trade volumes decline since the rule went into force.
Bitget, however, is positive that it's launch in the country will not be significantly affected by the tax regulations. In an effort to make crypto transactions easier, Bitget has teamed with Koinly, a renowned free crypto taxation software that can be used to calculate taxes in India and 19 other countries.

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