[Indian Cryptocurrency Platforms Call for Reconsideration of Tax Policies Ahead of February Budget Announcement] According to a report by Golden Finance, ahead of the announcement of India's federal budget in February, the Indian cryptocurrency industry has once again called for tax reform. They argue that the current tax framework is hindering domestic cryptocurrency activities as regulatory compliance requirements continue to tighten. India's existing cryptocurrency tax framework, introduced in 2022, imposes a unified 30% tax rate on cryptocurrency gains and withholds 1% tax on most transactions (regardless of profitability). Currently, trading losses cannot be used to offset gains. Executives from major domestic exchanges have stated that the current tax system, particularly the transaction-level taxes and restrictions on loss offsets, neither reflect the development trends of the global digital asset market nor India's progress in strengthening regulation and enforcement. This new push comes as policymakers finalize fiscal priorities for the next financial year. The Indian federal budget, expected to be announced on February 1, is widely seen as one of the few avenues to achieve meaningful tax adjustments without enacting new legislation.