India's crypto scene is booming despite hefty taxes. The government imposed a 30% tax on crypto gains and a 1% tax deducted at source in 2022, aiming to curb trading. Yet, the local crypto community remains resilient, with over 100 million Indians owning digital assets. ZebPay's COO, Raj Karkara, highlights India's vibrant market, driven by tech-savvy youth and blockchain interest. However, experts like CoinDCX's Sumit Gupta argue that a more flexible regulatory framework is needed to unlock the market's full potential. India tops Chainalysis' Global Crypto Adoption Index for 2024.