🇮🇳 India Says No to #Bitcoin ETF — But at What Cost? 🪙💸
India’s Finance Ministry has shut the door on Bitcoin and crypto ETFs — and confirmed that the 30% tax on crypto gains and 1% TDS will stay.
📉 This decision comes despite India being one of the top crypto-adopting nations globally.
⚠️ Lack of regulation is already pushing major players like WazirX and CoinDCX to move overseas after suffering major exploits.
💬 "Nothing changed in a decade," says Crebaco CEO Siddharth Sogani, who also shifted his blockchain business abroad.
While the rest of the world embraces regulated crypto investing, India’s rigid stance risks leaving its digital economy behind.
📢 Will India act before innovation vanishes for good? $BTC $SOL
#CryptoIndia #BitcoinETF #Web3India #CryptoTax #DigitalAssets #WazirX $CYBER