Wu Blockchain (@WuBlockchain): According to FT, India's crypto industry is lobbying to reduce the 30% capital gains tax and 1% transaction tax imposed in 2022, which have pushed ove…
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According to FT, India's crypto industry is lobbying to reduce the 30% capital gains tax and 1% transaction tax imposed in 2022, which have pushed over 90% of local trading offshore. With Trump's return to the White House and support for crypto, the Indian government's stance has softened, and industry-policy meetings now happen monthly or weekly. Grant Thornton estimates India's crypto market will grow from $2.5B today to over $15B by 2035. https://t.co/PfimWpz8Ot