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India’s Crypto Sector Pushes for Tax Relief as Government Signals Potential Thaw

India’s Crypto Sector Pushes for Tax Relief as Government Signals Potential Thaw

Coindesk
Author:
Coindesk
Release Time:
2025-05-27 09:46:00
0

India’s Crypto Industry Lobbies for Tax Cuts as Government Eyes Softening Stance: FT

Indian crypto firms ramp up lobbying efforts—just as Delhi hints at loosening its iron grip on digital assets. Will regulators finally play ball, or is this another bureaucratic rope-a-dope?

Finance Ministry insiders whisper about ’revisiting’ the controversial 1% TDS rule—a move that’s bled trading volumes dry since 2022. Meanwhile, exchanges quietly prep for a hypothetical bull run (and pray the taxman doesn’t notice).

Pro tip for bureaucrats: Killing golden geese still eliminates future tax revenue. But what do we know—we just report on these things.

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