Quote from: teosanru on Today at 06:42:58 PM

So far I don't see a lot of effect of this thing on the daily volumes of WazirX, if you see the highest volume pair that is the BTC/USDT, there was a sharp selling volume on the 31st when the provision was to come into effect, but after that since last two days volumes have been pretty much decent, here is the image of the BTC USDT pair chart

and I see volumes in March even more than what we were having around Feb end and march beginning, Also the INR/USDT pair is trading at a premium as compared to dollar which too is a sign that the Indian market isn't dried up so far. Let's see what happens in coming days especially after the TDS provision kicks in which looks really draconion.

There will sharp decline in coming days for sure

No one is that rich to make multiple trades and keep feeding the government

There might be some artificial trades done by exchanges to show a robust picture. Many traders as i know have stopped trading at KYC / centralized exchanges and are looking for way outs to cash out the cryptos

As mentioned in the earlier posts dont be surprised to see lower volumes if the law is not amended immediately