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🇮🇳 As The Government of India Invites Ideas For Union Budget 2026–27, Here’s A Data-Backed, Respectful Message From India’s Crypto Users.
This Shares Facts, Not Demands 👇
1️⃣ India Is Already A Global Crypto Leader
👉 India Ranks Among The Top 5 Countries By Crypto Adoption
👉 100M+ Indians Have Used Or Held Crypto
👉 India Has One Of The World’s Largest Web3 Developer Communities
This Is A Strategic Sector, Not A Fringe One.
2️⃣ Impact Of Current Tax Policy (Data Speaks)
After 1% TDS Was Introduced In 2022:
👉 Indian Exchange Volumes Fell By 70–90%
👉 Large Share Of Trading Moved To Offshore Platforms
➡️ Result: Lower Domestic Liquidity & Reduced Tax Visibility.
3️⃣ 30% Flat Tax Without Loss Set-Off
👉 Crypto Is Taxed Higher Than Most Asset Classes
👉 Losses Cannot Be Offset Or Carried Forward
👉 This Discourages Long-Term Investors & Honest Reporting
➡️ Fair Tax Structures Increase Compliance, Not Avoidance.
4️⃣ Capital & Talent Flight Is Real
👉 Indian Founders Are Registering Crypto Startups In Dubai, Singapore & Europe
👉 Indian Developers Are Paid From Abroad
➡️ Innovation, Jobs & Taxes Are Leaving India, Not Crypto Usage.
5️⃣ Banking Friction Despite Full Compliance
👉 Many Compliant Exchanges & Users Face Account Restrictions...

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