Cryptocurrency exchanges under stress as liquidity providers take a step back due to TDS

Mumbai: Order books of cryptocurrency players are under renewed stress as investors found it difficult to buy or sell such assets after liquidity providers decided to stay away deterred by tax complications.

Till March, liquidity providers helped exchanges with float or the difference between buying and selling price for concluding a transaction.

In most cases these liquidity providers would provide such a float for a small margin.

With the

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