Regulations and Growth:
Seeking clear regulations for growth and innovation in crypto sector.
Ban could lead to decline in crypto exchanges and increase in brain drain
Difficulty accessing banking services due to lack of regulations.
Taxation:
Seeking tax relief for businesses and individuals.
Suggestion to treat crypto as separate asset class for taxation.
Call for self-regulation in the industry.
Government's stance:
Government is unlikely to change its stance on crypto
Crypto association, BWA seeking for tax relief and regulations in Union Budget 2023.
TDS reduction demanded by BWA
Regulation or ban couldn't be effective without “significant international collaboration".
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