The Indian crypto community is facing challenges with high taxation, hindering potential investors from exploring the exciting world of #crypto
India currently has the highest #Crypto taxation globally, discouraging new entrants and affecting career pursuits.
It's time for a change! We urge @nsitharaman and authorities to reconsider the 1% tax on VDA transactions, the 30% tax on capital gains, and to allow loss setoff for #Crypto users.
Let's strike a balance between innovation and regulation for the growth and adoption of the #crypto industry. Clear and fair regulations will benefit everyone!