The 10% crypto Excise duty TAX in the Finance Bill 2026 isn't much exploitative as it seems.

For once, it makes sense now.
In 2023, a 3% Digital Asset Tax was introduced.
That basically meant that if you buy $BTC worth 100K, you part ways with 3K.
In 2025, a proposal was submitted to half the fee to 1.5%, but instead, the parliament scrapped it entirely.
Now, in 2026, they replaced it with 10% Excise duty on fees charged.
The 10% is indeed not new, it was already proposed in the 2025 finance act, and that's what most of us didn't understand.
It's actually a small relief on the side of users. The figure may seem to have tripled, but that's not the case.
-The 10% is on the fees that exchanges charge you on transactions.
- The previous 3% was on your entire stake.
So yeah, that's it, I guess. No need to panic about the rumors of having 10% of your non-existent profits chopped off.