1.Investors in India are not happy with the 30% income tax imposed on cryptocurrencies.

2. However, the bigger problem affecting the industry's growth and widespread adoption is the 1% TDS.

3. Blockchains are businesses that rely on transactions, and the key measure of their performance is TPS (Transaction per second).

4. The 1% TDS on every transaction acts as a deterrent for using blockchains.

5. It's important to note that there is a significant difference between applying TDS to centralized exchange trading activities and applying it to blockchain transactions.

6. The latter poses a serious challenge for the entire Web3 ecosystem in India.

7. As a result, the presence of TDS on blockchain transactions hampers the development and adoption of Web3 technologies in the country.
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