India’s 1% Crypto Tax Has Been a Nightmare for High-Frequency Traders, Says Shardeum CEO

India’s 1% Crypto Tax Has Been a Nightmare for High-Frequency Traders, Says Shardeum CEO

As India figures out its regulatory approach to the crypto industry, one thing is clear to Shardeum co-founder Nischal Shetty: “If you’re a high-frequency trader, you can’t afford to lose a percentage every time you sell,” he told Decrypt’s Andre Beganski at Messari Mainnet in New York. “That’s something that’s caused a lot of issues.”