Indian crypto users slammed with 18% GST as Bybit complies with tax regulation

Bybit will charge an 18% Goods and Services Tax on Indian traders, effective July 7, 2025, which includes all service and trading fees.

Several services, including crypto loans and Bybit cards, will cease on July 9, 2025, reflecting compliance measures in response to tax regulations.

XRP, currently trading at 2.22 USD, exhibits consolidation, suggesting potential bullish or bearish movements depending on market dynamics.