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India’s Crypto Industry Seeks Tax Relief as Government Signals Openness
India’s Crypto Industry Seeks Tax Relief as Government Signals Openness
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India’s cryptocurrency sector is capitalizing on shifting political winds to push for reduced taxation. Industry leaders report increased engagement from Prime Minister Narendra Modi’s administration following renewed global interest in digital assets.
"The positive momentum in crypto post-Trump’s return to Washington has resonated in New Delhi," said CoinSwitch co-founder Ashish Singhal, highlighting the sector’s optimism. The current 30% capital gains tax and 1% transaction levy remain key pain points for local exchanges.
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