India Urged to Cut 30% Crypto Tax as Industry Eyes 6x Growth
Key Notes
- Prime Minister Narendra Modi’s government is becoming more receptive to the crypto industry’s concerns following Trump’s inauguration.
- India’s crypto market, projected to grow from $2.5 billion in 2024 to $15 billion by 2035, is drawing interest from global players like Coinbase and Binance.
- Despite these challenges, investors and industry groups are pushing for favorable crypto tax reforms to spur growth and stability in the sector.
India’s crypto industry is now actively lobbying to reduce the crypto tax burden on investors, which has crippled domestic trading to a great extent. The industry group is now citing measures undertaken by the Trump administration with a more crypto-friendly…
