India Faces Uproar For Crypto Tax Cut Ahead Of Budget 2024

As India’s Union Budget 2024 announcement approaches, the web3 community in India is urging changes in cryptocurrency tax regulations. Despite consistent appeals from the web3 community in the past two years, the Indian government has not revisited crypto-related tax laws. Many in the sector argue that these laws hinder crypto growth in India and lead to a talent exodus to more crypto-friendly nations.