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India Faces Pressure to Rethink Crypto Taxes Ahead of Union Budget as Trading Shifts Offshore

  • Vismaya V--Decrypt
  • published date: 2026-01-31 16:31:02 UTC

Industry leaders are pushing for tax reform as traders flee offshore, draining domestic exchanges and undermining regulatory oversight.

In brief <ul><li>Indias crypto industry is pressing for tax relief ahead of the Union Budget, warning that high transaction taxes have pushed trading offshore.</li><li>About three-quarters of Indian… [+7872 chars]