Golden Finance reported that Indian Finance Minister Nirmala Sitharaman said in a speech announcing the 2024-2025 national budget on Tuesday that the cryptocurrency tax rules remain unchanged. The main demand of the Indian crypto industry is to reduce the controversial tax deduction (TDS) policy for crypto transactions from 1% to 0.01%, and presented evidence from multiple sources, including a think tank study, to government officials. The industry also asked the government to impose a progressive tax on gains instead of a fixed rate of 30%, and allow losses to offset gains. In addition, it also tried to promote multi-agency supervision.