The Indian government is apparently considering levying a 28 percent GST on all cryptocurrency transactions. 'At the moment, just a portion of the services offered by crypto exchanges is taxed. One tax expert warned that taxing the entire transaction at a higher rate of 28 percent may send the markets into free collapse.'
Bankoff, a company that offers virtual cards that can be topped up with bitcoin, has informed users that Visa and Stripe no longer support their cards. After big processors banned their services in Russia, they permitted Russians to pay abroad.
The operators of a cryptocurrency wallet that has been sanctioned by the United States continue to sell their cash.
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