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Reducing crypto taxes could attract new participants, Pushpendra Singh warns

Reducing crypto taxes could attract new participants, Pushpendra Singh warns
High crypto tax may slow web3 growth

Pushpendra Singh, crypto educator and blockchain enthusiast, warns that excessive taxes on digital assets could discourage people from entering the web3, crypto trading, metaverse, and public blockchain sectors.

Singh argues that a high tax burden may stifle the growth of web3 developer careers and limit new participation in the digital asset space.

Earlier, Pushpendra Singh called on India's Finance Minister to consider crypto tax reforms, advocating for tax slabs, minimal TDS, and loss setoff measures in previous commentary. India’s Finance Committee meanwhile proposed using self-regulatory organizations for crypto oversight as an interim step, as reported in a separate update. Singh’s views align with ongoing discussions about shaping fair and practical crypto regulation in India.

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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