India has a 30 per cent tax on encryption proceeds and 39 million users hold $2.1 billion in digital assets

Cripto Briefing reported that the Government of India had announced a 30 per cent tax on the proceeds of encrypted assets and that about 39 million users currently held digital assets worth $2.1 billion. This strict encryption tax system could lead to capital outflows, inhibit domestic innovation and discourage potential investors from entering the field。