India’s Crypto Revolution: Smarter Regulations & Tax Cuts Fuel Market Optimism

Breaking: India pivots toward crypto sanity—regulatory clarity and tax relief could ignite the next bull run.

Finally, progress. After years of suffocating taxes and bureaucratic whiplash, India’s policymakers appear to be waking up to blockchain’s potential. The draft legislation—leaked ahead of the monsoon parliamentary session—proposes slashing the controversial 1% TDS on crypto trades and establishing clear licensing frameworks for exchanges.

Market makers are already salivating. Liquidity had evaporated under the previous tax regime, with Indian volumes crashing 90% after the 2022 rules. Now? Traders are whispering about potential exchange listings and a flood of institutional capital waiting on the sidelines.

The fine print matters, of course. The bill still needs to survive India’s legendary legislative gridlock—and let’s see if the tax man actually loosens his grip. But for once, the government isn’t treating crypto like a criminal enterprise. Baby steps.

Funny how governments discover 'innovation-friendly policies' only after retail gets wrecked and the oligarchs arrive. Welcome to finance, always fashionably late.