As India approaches the Union Budget 2026 the cryptocurrency sector is calling on the government to provide clearer regulations and tax relief to support growth and investor confidence Industry leaders and crypto exchange executives have highlighted the need for a well defined legal framework that explains how digital assets should be treated and what rules businesses and investors must follow The sector says that uncertainty around regulations is discouraging investment and limiting domestic participation compared with global markets Crypto stakeholders are also urging changes to the tax system introduced in recent years which imposes a one percent tax deducted at source on transactions and taxes gains at a flat rate of thirty percent They argue that these rates are too high and deter trading activity especially among smaller investors Suggestions include reducing or rationalising the transaction tax allowing losses from one transaction to be offset against gains from another and aligning taxation of digital assets more closely with traditional financial instruments Supporters believe such measures would boost liquidity encourage more onshore trading and foster innovation in India’s digital asset ecosystem India already ranks among
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