Budget 2025: Crypto industry seeks big moves around regulations, taxes, Web3
By
Binu Mathew
India’s crypto industry has called for measures around regulatory framework and simplified tax structures in the upcoming budget to be presented by Finance Minister Nirmala Sitharaman on February 1. This assumes significance as India leads the global adoption of cryptocurrencies even as investors brave the country’s stringent regulations and steep taxes.
Vishal Sacheendran, Head of Markets at largest crypto exchange Binance called “progressive measures” to positively impact the industry.