Indian Crypto Users Slammed With 18% GST as Bybit Complies With Tax Regulation

Cryptocurrency exchange Bybit is introducing higher transaction costs for Indian users, as it prepares to implement an 18% Goods and Services Tax across its crypto services and discontinues select products. Bybit announced on July 4 that it will begin applying India’s 18% GST on various service and trading fees beginning July 7. The company stated: In accordance with the India taxation framework,…