Crypto in India: Taxed But Still Unregulated?
🚨 Update as of July 21, 2025:
The Ministry of Finance confirmed in Lok Sabha:
“Crypto remains UNREGULATED in India.” 😶🌫️
📉 No usage data collected in the past 5 years
⏱️ No real-time tracking infrastructure exists
Yet the taxation machinery is in full force:
💸 30% tax on profits
💰 1% TDS on every trade
So—no recognition, no framework, no consumer protection…
But full taxation like it’s a legalized system?
🔁 This is the Regulatory Paradox India faces in Web3:
• No clarity
• No policy structure
• Still expected to pay like it’s all formalized
👀 Your thoughts:
Does taxing something automatically make it regulated?
#IndiaCrypto #Web3 #CryptoTax #RegulationParadox #Write2Earn
