Why did WazirX token (WRX) jump 30% after India announced its big crypto tax? By Cointelegraph




    WazirX exchange’s native token, WRX, benefited the most from India’s latest U-turn on crypto this week.

    WRX’s price surged nearly 30% to over $1, hitting a three-week high after the Indian government had announced a new tax regime for the regional crypto sector, reversing entirely from its earlier strict stance that even contemplated an outright ban on the emerging industry.

    three-day price chart. Source: Javon Marks, TradingView
    WRX/USD daily price chart featuring descending triangle setup. Source: TradingView