India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power?

The presidency comes after India announced steep crypto taxes on Feb. 1, 2022, that were blasted by crypto companies operating in the country. As a result, Indians moved more than $3.8 billion in trading volume from local to international crypto exchanges between February, when the taxes were announced, and October 2022, after the new taxes were implemented, according to the Esya Centre, a New Delhi-based technology policy think tank.