CoinDCX’s Mridul Gupta’s tip for crypto investors

CoinDCX chief operating officer Mridul Gupta talks to Mint about the impact of the recently introduced 1% tax deducted at source (TDS) on Indian exchanges. He says there is no legal recourse to challenge the 1% TDS, and there will be less adoption of crypto, less companies getting formed in the crypto and the web3 space. Gupta: "We have undertaken zero cost cutting measures, as we have enough capital to last us for the next four or five years, even if we have zero revenues. We are in fact hiring more people and building more systems to make sure that whenever the market goes up again, people will come back to CoinX again, he says. Last year, millions of investors entered the crypto market, Source