In a dramatic policy shift, the Indian government has reportedly softened its stance on cryptocurrencies, according to the Financial Times.
Following the lead of the United States, Indian officials are now engaging in regular meetings with domestic crypto industry leaders — a notable reversal from their previously hardline position.
The crypto industry in India is capitalizing on this momentum by lobbying for reduced taxes. Currently, India imposes a 30% capital gains tax on all profits from digital asset transactions — one of the most aggressive crypto tax frameworks globally. Industry groups argue that this tax regime is stifling innovation and pushing talent and capital offshore.
This policy softening is seen as partly influenced by ongoing trade negotiations with the U.S., where regulatory clarity around digital assets is slowly gaining traction. Analysts suggest that India’s willingness to adapt may be driven by a desire to remain competitive in global tech and financial innovation.
The report comes amid broader signals of increased crypto engagement from India’s financial sector, and as major exchanges begin unlocking tokens like XRP and RLUSD for margin trading, signaling growing confidence in the market’s maturity.
While no regulatory changes have been confirmed yet, insiders describe the shift as “the most constructive dialogue” the Indian crypto industry has ever had with the government.
The coming months will reveal whether this thaw in relations leads to real tax relief or updated legislation — but one thing is clear: India’s crypto winter may be starting to melt.
Source
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/india-reconsiders-crypto-policy-amid-u-s-trade-talks-industry-pushes-for-reform/