The regulatory implications of India’s crypto transactions tax

The crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized profits and transactions.

India's first crypto law, which requires citizens to pay a 30% tax on unrealized crypto gains, came into effect on April 1. There was an uproar in the Indian crypto community as investors and entrepreneurs tried to decipher the implications of the vague announcement. or no success.