India would have reassessed its position on the crypto, signaling a potential change in policy as international attitudes towards digital assets become more favorable, according to a Reuters report.
This review is aligned with recent developments, especially in the United States, where pro-Crypto policies have grown, which has strengthened the expectations of the extended adoption of financial products related to digital assets.
Ajay Seth, Indian Economic Affairs secretary, has recognized that several jurisdictions had adjusted their position on the crypto, inciting the government of the Asian country to revisit its regulatory approach. This decision suggests a desire to explore more adaptive policies that could allow the sector to thrive.
Industry leaders consider this revaluation of politics as a step towards progress. The co-founder of Coindcx, Sumit Gupta, stressed that India leads in the adoption of popular cryptography. He underlined the projections that suggest that web3 could contribute more than $ 1.1 billion to India GDP by 2032.
Gupta added:
“To really direct this digital revolution, the regulation of the sector, more friendly policies and the publication of a priority discussion document is the need for the time! A clear and avant-garde approach can position India at the forefront of web3 innovation. »»
More difficult tax rules
Even if the government reconsiders its broader cryptographic position, the budget of India 2025 introduces more strict tax measures on digital assets.
Depending on the details of the budget, cryptocurrencies are now classified as virtual digital assets and subject to higher tax rates if they are not disclosed as income.
As of February 2025, the revised tax policy imposed a 70% penalty on unsuccessful crypto gains and applies them retroactively in the last four years.
By April 2026, companies involved in cryptographic transactions must report all transactions to tax authorities to increase compliance requirements in the sector. Companies will have 30 days to correct the differences. The new regulations require detailed disclosure of participants in transactions, types of assets and commercial values.
Industry experts warn that these rigid tax policies could encourage cryptographic traders to underground markets or offshore platforms, which makes regulatory surveillance more difficult.
Sumit Gupta, CEO of the Indian Crypto Exchange Coindcx, criticized the tax framework, arguing that an TDS rate of 0.01% and the capacity to compensate for negotiations would have encouraged compliance while increasing the income of government. He warned that India is likely to be delayed in the economy of rapidly evolving blockchain without a more balanced regulatory approach.
He added:
“India’s ambition to be an economy of 30 billions of dollars by 2047 depends on the adoption of the AI, the web3 and the blockchain. The world goes ahead – India must act quickly with policies that promote innovation, not suffocate it. »»
