India Budget Live: Will the government reconsider the 30% tax on cryptocurrencies today?

According to a report by Bijie Network, Manhar Garegrat from Liminal Custody stated that India's cryptocurrency policy must go beyond taxation and enforcement, and instead focus on market structure and sustainability. He warned that the current tax friction is prompting compliant trading to move offshore, and urged the 2026 budget to reconsider transaction-level taxation, such as adopting a Variable Data Agent (VDA) transaction tax model, to ensure trading activities remain domestic and transparent.