India’s crypto industry has been weighed down by a 30% flat tax, a 1% TDS on every trade, and a ban on offsetting losses. The result? Talent and capital moving abroad, with Dubai emerging as the new hub.

But now, the Central Board of Direct Taxes (CBDT) is asking tough questions: Should TDS be lowered? Should losses be offset like in stocks? Who should regulate crypto - RBI, SEBI, or a new body?

In this episode of Block Recap, we break down what’s on the table, why global trends matter, and what India’s first industry-led model law, the COINS Act 2025, could mean for the future of crypto in India.

🎧 Available on Spotify, YouTube, and Apple Podcasts.