<ul data-eligibleForWebStory="false"><li>Bybit, a global cryptocurrency exchange, is set to impose an 18% Goods and Services Tax (GST) on Indian crypto users starting from July 7, 2025.</li><li>The GST will be applied to trades, staking, withdrawals, and other transactions, and the tax will be deducted directly from the assets received.</li><li>Alongside the GST implementation, Bybit will discontinue legacy products like crypto loans, fiat cards, and trading bots effective from July 9, 2025, as part of its compliance overhaul.</li><li>The new GST policy will impact over 310,000 active Indian users on Bybit, making crypto trading costlier and potentially affecting trading volume in the country.</li></ul>

Crypto Tax India Update: Bybit Imposes 18% GST on All Transactions From July 7

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