🚀 India remains a vibrant crypto market despite high taxes! 🇮🇳

- The Indian government imposes a 30% tax on crypto profits and a 1% withholding tax starting in 2022.

- Nevertheless, the crypto community continues to thrive thanks to a young, tech-savvy population.

- Over 100 million Indians own crypto, leading the global crypto adoption index by Chainalysis in 2024.

- Major exchanges like Binance and KuCoin have been approved to operate.

- To fully realize its potential, a more comprehensive legal framework is needed.

What do you think about the future of crypto in India? Share your thoughts! 💬