CoinVoice has recently learned that, according to the Financial Times, the Indian Crypto Assets industry is actively lobbying the government to reduce the 30% Capital Gains Tax and 1% transaction tax that have been in effect since 2022.

Currently, high tax burdens have led to over 90% of crypto transactions flowing overseas. With Trump likely to return to the White House and publicly support digital assets, the Indian government's attitude towards the crypto industry is becoming more lenient. The frequency of communication between the industry and policymakers has increased from once every six months to monthly or even weekly.

Accounting firm Grant Thornton expects that India's Crypto Assets market size will grow from the current 2.5 billion dollars to over 15 billion dollars by 2035.