The Currency analytics
By Evie Vavasseur
Indian crypto exchanges want tax reform. The industry's basically screaming for the government to cut the brutal 30% crypto gains tax and that nasty 1% transaction fee that's…
Trading volumes on Indian platforms crashed over 70% in 2025, and it's pretty clear why. The current tax setup is driving traders to Singapore, Dubai, and other crypto-friendly…
Local exchanges can't compete with offshore platforms that offer lower taxes and fewer headaches.
Industry leaders want the transaction tax reduced and a complete rethink of the capital gains structure.
The regulatory mess makes things worse. India's crypto sector has dealt with uncertainty since the RBI's 2018 banking ban, which the Supreme Court overturned in 2020, but the…
On January 15, the Blockchain and Crypto Assets Council issued a statement telling the government to wake up to the economic damage from current tax policies.
RBI Governor Shaktikanta Das said on January 20 that the central bank still worries about crypto risks but admitted they need a regulatory framework that balances innovation with…
The government held a closed-door meeting with crypto industry bigshots on January 25. Representatives from CoinSwitch Kuber and ZebPay showed up to discuss the tax mess and…
The Confederation of Indian Industry submitted a report on January 28 recommending gradual tax reductions.
Meanwhile, exchanges are preparing for different budget scenarios. Some are exploring partnerships with global platforms to offer more competitive services if tax reforms don't…
Offshore exchanges keep benefiting from India's tax exodus. Singapore and Dubai are becoming go-to destinations for Indian traders who want lower taxes and less regulatory hassle.
The crypto community hopes the government will listen to their concerns when the budget drops.
For now, everyone's waiting for February 1. The Finance Ministry still hasn't commented on potential tax reforms, and the silence is making investors and exchange operators…
The crypto tax burden has created a stark competitive disadvantage for Indian exchanges compared to regional rivals.
Major Indian exchanges are hemorrhaging market share to international competitors. Binance and other global platforms now handle an estimated 60% of Indian crypto trading volume…