According to the Financial Times, India's cryptocurrency industry is actively lobbying the government to reduce the 30% capital gains tax and 1% transaction tax that will be implemented from 2022. At present, the high tax burden has caused more than 90% of crypto transactions to go overseas. With Trump expected to return to the White House and publicly support digital assets, the Indian government's attitude towards the crypto industry has softened.
The frequency of communication between the industry and policymakers has increased from semi-annual to monthly or even weekly. Accounting firm Grant Thornton expects the Indian crypto market to grow from $2.50 billion today to more than $15 billion by 2035.
India's crypto industry lobbies for tax cuts, trade outflow to promote looser policies
2025-05-27 00:35:06
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