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Ashish Kumar

Indian MP Raghav Chadha slams 30% crypto tax and seeks legal status, AML rules and blockchain land registry

On February 10 2026, Indian MP Raghav Chadha criticized the government for imposing a 30% capital gains tax and 1% TDS on crypto while denying virtual digital assets any clear legal status or investor safeguards. He warned that this policy mix has driven about ₹4.8 lakh crore in trading offshore, with roughly 120 million Indians using foreign platforms and around 180 crypto startups relocating, and urged asset-class recognition for VDAs, a domestic regulatory sandbox, stronger AML rules and a blockchain-based national property register.
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