Indias Crypto Sector Rallies for Tax Change as Trump Spurs Market Optimism

Amid evolving global dynamics, India‘s cryptocurrency sector is intensifying pressure on the government for tax relief, capitalizing on what industry leaders see as softening attitudes linked to Donald Trump’s White House return. Executives report regular engagements with Indian policymakers—now occurring monthly or weekly—compared to biannual discussions in the past. The industry seeks to replace the current 30% capital gains and 1% transaction taxes with a more manageable 0.1% levy to retain domestic trading. With Coinbase and Binance reestablishing operations, Indias crypto market is forecasted to surge to $15 billion by 2035. Legal ambiguities and public perception remain hurdles, as many citizens mistakenly believe digital assets are illegal. Although New Delhi has initiated a redraft of crypto policy papers, the February budget brought no tax relief, frustrating industry groups.