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RE: Indian Bitcoin Exchanges Face GST Conundrum!
The bitshares DEX just gets more and more and more and more appealing day after day after day after day :-)
https://bitshares.org/
Centralized exchanges are open invitations to lose your crypto.
I agree! More people need to use DEX over highly centralised ones. Also, India needs more exchanges that operate with transparency. Most are just dealers with exorbitant spreads! :(
@firepower The entire idea behind bitcoin is decentralisation. Imposing taxes on cryptocurrencies kills the very purpose. Zebpay, itself is imposing 18% GST on Deposits. The solution is to buy everything in cash on local bitcoins and transfer it to foreign exchanges or a paper wallet. It's the safest bet for now.
Definitely Agree
@firepower what do you think the Indian govt's stance will be? will they go towards banning crypto trading in the country like they don't allow forex trading and non-indian derivatives trading?
I joined Bitshares few days ago and I really feel better about it more than other exchanges I used before.
Hey can you help me understand whats bitshares and whats it utility
https://en.wikipedia.org/wiki/BitShares
https://bitshares.org/
Thanks @onceuponatime