India continues to show significant growth in the adoption of cryptocurrencies, despite the high taxes imposed by the government — 30% on income and 1% tax on the source. These measures create barriers to frequent trading, but the local crypto community is showing resilience.

According to a Chainalysis report, more than 100 million Indians own crypto assets, and the country ranks first in the global cryptocurrency adoption index. Technological awareness, accessible Internet and interest in blockchain solutions remain key growth factors. However, a revision of the tax policy is required for further development.