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India’s 2026 Budget Maintains Crypto Tax Status Quo Despite Industry Calls for Reform

India’s 2026 Budget Maintains Crypto Tax Status Quo Despite Industry Calls for Reform

Author:

Global Cryptocurrency

Published:

2026-02-01 12:26:02

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BTCCSquare news:

India's Union Budget 2026 has dashed hopes for cryptocurrency tax reforms, maintaining the existing 1% TDS on transactions and disallowing loss offsets. The decision comes despite persistent lobbying by crypto industry participants who argue the current framework stifles growth and discourages institutional participation.

Market observers had anticipated potential adjustments to align with global digital asset trends. 'Continuity prevails over change,' noted Mudrex CEO Edu Patel, acknowledging the missed opportunity to enhance India's competitiveness in the blockchain economy. The unchanged regime preserves challenges for traders while the sector continues expanding organically against regulatory headwinds.

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