<ul><li>The Indian crypto industry is lobbying for reduced taxes on crypto trading amidst a more open stance from the government during trade negotiations with the US.</li><li>Indian crypto exchanges are engaging more frequently with policymakers to push for a relaxation in the high taxes imposed on crypto transactions.</li><li>Current tax regime includes a 30% capital gains tax and a 1% tax deducted at source, leading to over 90% of Indian traders moving offshore.</li><li>While the Reserve Bank of India remains cautious, there is a growing interest among young Indians to invest in digital assets, despite lingering concerns about its legality.</li></ul>

Indian Crypto Industry Pushes for Tax Relief as Govt Stance Softens

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