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Indian Crypto Investors are Jumping out of Global Exchanges

The price of EOS has risen 28% in the last week, making it the most significant gainer among the 49 digital assets with a market valuation of more than $1 billion. Indian cryptocurrency investors are moving their funds to global exchanges such as Binance to avoid the TDS regulation on crypto trades.

India's Cagr in the fintech sector increased by 20%. Since 2018, the digital token EOS has largely been a disappointment. It is getting a fresh boost due to a technological shift proclaimed last week. India requires the tax deduction.

Google has decided to invest more than $1 billion in crypto and blockchain companies in the last year while Samsung, invested $1 billion in over a hundred different blockchain startups, while financial behemoths Morgan Stanley and Blackrock invested $2 billion.


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