For the same reason, I have stopped taking money out of crypto. Never taken a single penny for ages. In India, we not only have 30% tax but also 1% TDS (another tax) on every damn transaction. It sucks. Last year when they decided to do this, the exchange volumes plunged by 90% within a day.
And in the subsequent weeks, several exchanges were shut down or moved their business out of India.
Our countries are not crypto-friendly yet we & other developing countries are huge contributors to the crypto talent pool worldwide.
So what’s your long term plans with your crypto stack?
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Bro I am going to stack more than I spend for 10 years. And then spend the crypto my big ass stack makes xD
You’d leave India?
Sure. If I have to.