India Crypto Regulatory Framework May See Shift in Next Two Years

GetBit founder Abhay Agarwal believes India's regulatory framework for cryptocurrencies may change in the next two to four years, allowing for a more balanced approach.

The current 1% Tax Deducted at Source (TDS) has had a significant impact on market liquidity and trading activity in Indian crypto platforms, according to Agarwal.

The TDS has increased trading costs for active participants and market makers, leading to a shift of liquidity toward offshore exchanges.

Agarwal suggests that regulatory clarity and a review of the 1% TDS framework could help support domestic crypto markets.