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The Crypto Radio
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Live Crypto News with @Bitcoin Bo - Jan 16th
India’s crypto industry is pushing for tax reform ahead of the February Union Budget, arguing that a 30% gains tax and a 1% charge on every trade are driving users offshore just as compliance rules tighten at home.
Exchanges say oversight is now strong, but tax friction remains high. With losses still unable to offset gains, the question for policymakers is whether easing taxes could actually improve transparency, liquidity, and enforcement instead of weakening them.
#IndiaCrypto #cryptotax #UnionBudget
India’s crypto industry is pushing for tax reform ahead of the February Union Budget, arguing that a 30% gains tax and a 1% charge on every trade are driving users offshore just as compliance rules tighten at home.
Exchanges say oversight is now strong, but tax friction remains high. With losses still unable to offset gains, the question for policymakers is whether easing taxes could actually improve transparency, liquidity, and enforcement instead of weakening them.
#IndiaCrypto #cryptotax #UnionBudget
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