🇮🇳India is reevaluating its position on cryptocurrency in response to changing global dynamics. The reconsideration comes as digital assets gain momentum worldwide. Countries like the US are creating digital asset reserves, while Japan, Switzerland, and Russia are exploring Bitcoin integration. Vancouver has even approved Bitcoin for municipal reserves. 🇮🇳India's Economic Affairs Secretary highlighted the need for a collaborative approach to crypto regulation, acknowledging the borderless nature of these assets. The review may delay the release of India's crypto regulation discussion paper. Despite ongoing deliberations, the 2025 Union Budget did not ease crypto taxes, imposing a 30% tax on capital gains and a 1% TDS on transactions. The Finance Minister proposed including virtual digital assets under tax laws. 🇮🇳India has historically favored a cautious approach to crypto, with regulators advocating for a CBDC over decentralized cryptocurrencies. Major exchanges in India have faced tax-related challenges, with Binance owing $85 million in unpaid taxes. Bybit also temporarily halted services in 🇮🇳India due to compliance issues.#IndiaCryptoTax #BTC #Crypto_Jobs🎯