According to FT, the Indian cryptocurrency industry is actively lobbying the government to reduce the 30% capital gains tax and 1% transaction tax implemented from 2022. These high tax rates have led to over 90% of India's cryptocurrency transactions being transferred overseas. With Trump's return to the White House and support for digital currencies, the Indian government's attitude towards cryptocurrency has softened, and the frequency of meetings between industry and policymakers has increased from once every six months to monthly or even weekly. Accounting firm Grant Thornton predicts that the Indian cryptocurrency market will grow to over $15 billion by 2035 (currently around $2.5 billion). https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43031