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

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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 system for regional crypto industryIt is now completely different from the strict position it had previously taken, and even though that was possible. outright banThe emerging industry.

Chart of the three-day market. Source: Javon Marks, TradingView
Daily chart of WRX/USD displaying a descending triangle structure. TradingView