TIMES OF INDIA · 2026-11-09 01:19 UTC

India's crypto tax could hurt blockchain innovation: Buterin

Ethereum co-founder Vitalik Buterin said India's 30% tax on crypto gains and 1% TDS on transfers could disproportionately burden smaller developers and discourage innovation. He pointed to US proposals for a de minimis exemption on small transactions and tax exemptions in some countries for assets held over a year. Buterin said India needs a framework letting developers experiment without heavy compliance burdens, and that the country has a large Ethereum developer community and open-source initiatives.

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