RBI
India: Crypto's Largest Untapped Market, Held Back by Tax and Regulatory Ambiguity
India's digital asset policy — 30% flat tax, 1% TDS, RBI skepticism, no comprehensive legislation, and the Digital Rupee CBDC — creating a market of 100M+ crypto users operating in deliberate regulatory uncertainty.
India's Crypto Tax: The 30% Flat Rate and Its Chilling Effect
India imposed a 30% flat tax on crypto gains and 1% TDS on transactions in 2022 — one of the world's most restrictive crypto tax frameworks, reflecting the Reserve Bank of India's continued skepticism of digital assets.