"India is not banning crypto outright like the initial rumors suggested and actually taxing it is a good first step. However, 30 per cent tax on the gains is steep and will need to be revised in the future. Also, the other aspects need clarity for Indian web3 founders to build products in India without worrying about the law. These need to be better defined in order to retain this talent in India and not see what happened during Web 2.0."
