- MarketNewsData

Indian crypto key opinion leader, Sujal Jethwani, believes the government won’t be able to suppress crypto as demand increases.
Jethwani hopes the surge in crypto traders and investors will push the Indian government to change their approach to crypto regulations.
India’s current crypto landscape is compared to a "suppressed spring" due to restrictive rules and high taxes.
India’s Income Tax Act imposes a 30% flat rate tax on profits from selling virtual digital assets, with a 1% TDS on transactions exceeding $115.
Pressure is mounting for India to introduce a comprehensive regulatory framework for crypto, with calls for a Bitcoin reserve pilot.
Despite slow progress, Jethwani believes users will "force" the government to take crypto seriously and create favorable rules in the future.

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