India’s Crypto Leaders Push for Tax Relief Amid Regulatory Shifts

India’s cryptocurrency industry is mounting a concerted effort to roll back stringent tax policies that have driven trading activity offshore. Market leaders argue the current regime—featuring a 30% capital gains tax and 1% transaction levy—has stifled domestic growth while benefiting foreign platforms.

New Delhi appears receptive. Frequent consultations between policymakers and crypto executives signal potential regulatory softening, mirroring shifting attitudes in the U.S. where former President Trump has recently embraced digital assets.

The stakes are substantial. India’s crypto market, currently valued at $2.5 billion, could sextuple to $15 billion by 2035 with friendlier policies. Over 90% of Indian traders already bypass local exchanges—a trend homegrown platforms aim to reverse through aggressive lobbying.