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India’s Crypto Market Surges Past $6B Amid Tax Compliance Milestones

India’s Crypto Market Surges Past $6B Amid Tax Compliance Milestones

Author:

Global Cryptocurrency

Published:

2025-12-09 09:49:02

25

1

BTCCSquare news:

India's cryptocurrency transaction volume has skyrocketed to ₹51,180 crore ($6B) in FY2024-25, marking a 41% year-over-year surge from ₹36,270 crore. Retail investors are driving adoption as TDS collections cross ₹1,000 crore since implementation, signaling both market maturation and regulatory compliance.

The Ministry of Finance data reveals accelerating growth: from ₹22,130 crore in 2022-23 to current levels, reflecting deepening mainstream acceptance. Government crackdowns on non-compliant offshore exchanges coincide with concentrated trading activity in major Indian states.

Market analysts attribute the expansion to improved platform accessibility and growing retail participation. Despite volatility, digital assets are increasingly viewed as legitimate investment vehicles rather than speculative instruments.

By:

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