“April 1, 2, and 3 were holidays. Since then volumes are continuing to fall. I don’t think this will return. This has created a new benchmark. It can go further down or sideways but it is unlikely to go back up. It is clear that the new tax has impacted the market negatively. The government must look into this and because there is no way to stop this (crypto), the government should embrace the technology,” he said.
Source: https://www.coindesk.com/business/2022/04/11/crypto-trading-volumes-in-india-collapse-10-days-after-new-taxes-crebaco/?utm_medium=referral&utm_source=rss&utm_campaign=headlines