India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year

“Digital public infrastructure and the PM’s aspiration for [innovation] will profit from integrating provisions for long-term financing of home crypto initiatives given how India is at a pivotal section within the crypto revolution,” mentioned Rajagopal Menon, vice chairman of cryptocurrency alternate WazirX. “We anticipate these developments to issue within the authorities’s agenda together with our present requests for a discount in TDS charges to 0.01% and offset of losses for merchants.”