Newfound crypto enthusiasts in India have helped grow trading volumes of Bitcoin, Ethereum, Dogecoin and other cryptocurrencies on four of its largest exchanges more than two-fold quarter-on-quarter to $1.9 billion in the October-December quarter, according to data from aggregator CoinGecko. To hone their crypto trading skills, students like 25-year-old Sagar Neware and about two dozen others gather at the Thoughts Magic Trading Academy in Nagpur each weekday. Who has regulatory oversight of cryptocurrencies in India is unclear. While the 30% tax it levies on crypto trading gains is among the most stringent globally, the country, unlike most G-20 nations, has neither introduced new norms to govern crypto, nor folded it under existing securities rules. It has also not imposed an outright b
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