The 2026-27 budget proved quite disappointing for India's crypto community. While the budget focused on AI, semiconductors, MSMEs, banking reforms, and other areas, Finance Minister Nirmala Sitharaman made no mention of cryptocurrencies or Virtual Digital Assets (VDAs) in her budget speech.

Budget Flats Crypto Community

     With no tax relief or changes, the 30% flat tax and 1% TDS on crypto gains remain in place, despite the industry's long-standing demand to reduce it to reflect actual profits. The budget also included provisions for increased penalties for non-disclosure or misreporting of tax information, further tightening compliance requirements.

My Point

     I have already stated that no government will tolerate economic freedom, and in India, where talented individuals and the youth are persecuted for the sake of appeasing vote banks, and where the disabled and orphans are suppressed for the same reason, one should not expect anything good from the cunning politicians.