Pushpendra Singh: Crypto activity in India disrupted by high taxes and Telegram block

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2 hours ago

Pushpendra Singh: Crypto activity in India disrupted by high taxes and Telegram block — India crypto faces Telegram disruption

Pushpendra Singh, crypto educator and blockchain enthusiast, describes mounting challenges for the crypto community in India. Singh points to a 30% tax rate, 1% TDS, and the inability to offset losses, now compounded by the sudden inaccessibility of Telegram.

He highlights how much of the local crypto workflow and communication infrastructure relied on Telegram for team collaboration, founder discussions, partnerships, and community management. The situation has left some unable to reach key contacts, signaling deeper disruptions for those active in the sector.

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Singh has previously tracked volatility in digital assets, noting Bitcoin’s drop below $60,000 for the first time since October 2024. In another recent report, he covered the Reserve Bank of India’s $12 billion gold sale in May 2026 to support the country's forex reserves. The latest difficulties facing India’s crypto sector come amid these ongoing developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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