Indian Finance Minister Nirmala Sitharaman made no mention of cryptocurrencies in her 2024 budget, leaving current tax rules unchanged. Local crypto activists called for a reduction in the transaction tax from 1% to 0.01%, but the government did not make concessions. 📉 Trading volumes on Indian exchanges fell by 97% and active users fell by 81%. The situation is expected to change only with the support of the crypto industry at the international level.