India tops CSAO in centralized exchange inflows with $88.4 billion
- —India drew $88.4 billion in CEX inflows, versus $82.3 billion for Singapore and $79.3 billion for Australia
- —India's total crypto economy shrank 14.7% to $135 billion during the reporting period
- —Domestic exchanges handled only 0.7% of Indian trading volume, against roughly 7% across the rest of CSAO
- —FIU issued non-compliance notices to 15 offshore platforms, including WOO X and WhiteBIT
Why it matters: India remains the region's biggest CEX market, but its 1% TDS tax is pushing volume offshore, drawing tighter regulatory scrutiny.
Source: crypto.news
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