As India gears up for budget announcements, major crypto platforms like WazirX and ZebPay are voicing concerns about the current tax framework. The exchanges are calling for meaningful reforms: bringing down the transaction TDS rate to 1%, restoring the ability to offset trading losses against gains, and establishing more transparent rules around capital gains classification. Meanwhile, regulators are simultaneously tightening KYC requirements. The push reflects an ongoing tension between the industry seeking more favorable conditions and authorities prioritizing stricter compliance measures. How these competing demands get balanced could reshape the landscape for Indian crypto traders.