Indian Union Minister Jayant Chaudhary reported a 19% increase in his crypto investments, now valued at $25,500 (₹21.31 lakh), marking the second year of his digital asset disclosure despite ongoing regulatory uncertainty in India. His spouse's crypto holdings have also risen to $26,800 (₹22.42 lakh). A survey by Mudrex revealed that 93% of over 9,000 Indians favor crypto regulation, with 84% arguing that the current 30% tax on crypto is excessive in comparison to the 12.5% tax on equities. The Reserve Bank of India's (RBI) resistance to crypto regulation highlights fears of legitimizing the sector, with internal warnings about the potential risks of fragmented payment systems. Meanwhile, India's crypto policy remains stagnant, presenting an ownership crisis and uncertainty that has pushed talent abroad. The lack of clear regulations could deter investment, as many believe treating digital assets similarly to traditional asset classes could enhance participation and prevent capital flight.

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