🇮🇳 As The Government of India Invites Ideas For Union Budget 2026–27, Here’s A Data-Backed, Respectful Message From India’s Crypto Users.

This Shares Facts, Not Demands 👇

1️⃣ India Is Already A Global Crypto Leader
👉 India Ranks Among The Top 5 Countries By Crypto Adoption
👉 100M+ Indians Have Used Or Held Crypto
👉 India Has One Of The World’s Largest Web3 Developer Communities

This Is A Strategic Sector, Not A Fringe One.

2️⃣ Impact Of Current Tax Policy (Data Speaks)
After 1% TDS Was Introduced In 2022:
👉 Indian Exchange Volumes Fell By 70–90%
👉 Large Share Of Trading Moved To Offshore Platforms
➡️ Result: Lower Domestic Liquidity & Reduced Tax Visibility.

3️⃣ 30% Flat Tax Without Loss Set-Off
👉 Crypto Is Taxed Higher Than Most Asset Classes
👉 Losses Cannot Be Offset Or Carried Forward
👉 This Discourages Long-Term Investors & Honest Reporting
➡️ Fair Tax Structures Increase Compliance, Not Avoidance.

4️⃣ Capital & Talent Flight Is Real
👉 Indian Founders Are Registering Crypto Startups In Dubai, Singapore & Europe
👉 Indian Developers Are Paid From Abroad
➡️ Innovation, Jobs & Taxes Are Leaving India, Not Crypto Usage.

5️⃣ Banking Friction Despite Full Compliance
👉 Many Compliant Exchanges & Users Face Account Restrictions
👉 No Clear Banking Guidelines = Operational Uncertainty
➡️ Clear Rules + AML/KYC = Safety Without Suppression.

6️⃣ Investor Protection Needs Regulation, Not Confusion
👉 India Has Millions Of Retail Crypto Users
👉 No Dedicated Crypto Grievance Or Disclosure Framework
➡️ Clear Regulations Protect Investors Better Than Ambiguity Or Fear.

7️⃣ Blockchain Is Bigger Than Trading
👉 Web3, Blockchain, Tokenization, And Fintech Infrastructure
👉 Countries Supporting Crypto Are Attracting Billions In Investment
➡️ India Can Be A Global Blockchain Hub, Not Just A User Market.

8️⃣ Our Respectful, Data-Driven Request For Budget 2026–27:
👉 Clear Legal Classification
👉 Rational Taxation (Lower TDS, Loss Set-Off)
👉 Banking Support For Compliant Players
👉 Strong Investor Protection

Crypto Users Are Ready To Comply, Build, And Contribute 🇮🇳
With Balanced Policy, India Can Lead The Digital Future.

#UnionBudget2026 #Blockchain #Web3
@nsitharaman @FinMinIndia @narendramodi