30% tax 1% TDS in crypto has just pulled off the most ironic EXPORT BOOM OF THE DECADE

Between October, 2024 and October, 2025, Indians traded INR 4.87 lakh crores on offshore exchanges. That's an 85% jump in a single year. (quite a notable export achievement, right?)

And with that exodus, ₹11,000 crore in TDS and ₹36,000 crore in capital gains tax quietly slipped away. If we do the math, the real loss is beyond tax revenue. It’s the missed opportunity: the startups that didn’t register here, the jobs that weren’t created, and the innovation that's now finding it's way in other economies.

The UAE used regulatory clarity to attract exchanges, investment capital and startups. Singapore positioned itself as a compliant crypto hub without punitive taxation. Even smaller economies such as Maltha, El Salvador, Estonia etc. that embraced crypto-friendly frameworks have witnessed new businesses, global investments and new Web3 products, we are still stuck in “wait and watch.”

Our own user behaviour is saying it loud: offshore exchanges saw a 57% jump in traffic, while Indian ones grew only 21%.

Indians aren’t quitting crypto. They’re just avoiding the penalty… with a boarding pass.

However, the fix isn’t that complicated. We just have to

-treat every platform under the same rules whether off-shore or Indian,

-reduce TDS to 0.01%.

-allow loss set-offs.

-and treat crypto like every other asset class.

We are witnessing another brain-drain, capital-drain from the country in real-time and this time it's crypto.

https://tioltkf.org/wp-content/uploads/2025/11/taxation_of_digital_assets_in_india.pdf

#CryptoIndia #CryptoTax #Web3India #DigitalAssets #taxpolicy #unionbudget2026 #India