🚀 India's Crypto Tax Policies Drive Trading Offshore
#India #CryptoTax #OffshoreTrading #RegulatoryChanges #CryptoRegulation #TaxPolicy #CryptoIndustry #UnionBudget #DomesticTrading #Innovation #CapitalRetention
India's stringent cryptocurrency tax regulations have resulted in approximately 75% of crypto trading volume moving offshore. According to NS3.AI, this shift has led to a notable decline in the use of domestic platforms. As the 2026 Union Budget approaches, policymakers face increasing pressure to adjust crypto taxes, including reducing the Tax Deducted at Source (TDS) and permitting the offsetting of losses, in order to rejuvenate domestic trading and enhance regulatory oversight. Industry experts and associations are advocating for a balanced tax and regulatory framework to rebuild trust, foster innovation, and retain capital within India.#India #CryptoTax #OffshoreTrading #RegulatoryChanges #CryptoRegulation #TaxPolicy #CryptoIndustry #UnionBudget #DomesticTrading #Innovation #CapitalRetention