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Varun Bhambhani
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Medial • 12h
India's crypto policy is becoming a case study in unintended consequences. A flat 30% tax and 1% TDS have pushed Indian crypto users offshore, with 91.5% of total trading volume now occurring outside the country. The lost opportunity is massive, with more than ₹47,000 crore in unrealized taxes since 2022. This is not about encouraging speculation but about retaining innovation and economic activity within India. The current policy has made domestic exchanges uncompetitive, while offshore platforms continue to grow. To fix this, India must normalize crypto taxation, lower TDS, allow loss set-offs, and treat crypto like any other capital asset. Smart regulation attracts capital. Overregulation repels it. Read more at GeeksGrow.com/blog
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