India has the harshest crypto tax regime in the world.


30% flat tax on every crypto gain plus 1% deducted on every single transaction.
You pay 30% on your wins. Your losses count for nothing.
Indian exchanges lost up to 70% of their trading volume after this was put in to place.
More than $5 trillion in trading volume left the country.
However, users didn't stop trading, they moved to offshore platforms.
The government collected less tax. Got less oversight and almost lost the market entirely.
Now they are considering walking it back.
Kenya introduced a 3% Digital Asset Tax in 2023 and scrapped it two years later for the same reason.
If you observe keenly, the pattern is always the same.
Regulate aggressively>> Lose the market>>Reconsider quietly.
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