India's crypto tax regime is literally pushing 95% of volume offshore
₹9,00,100 crore traded on foreign exchanges vs ₹51,446 crore domestically in FY25-26
That's a 17:1 ratio. The 30% tax + 1% TDS isn't just hurting—it's exiling capital
Domestic exchanges are getting obliterated while Binance, Bybit, OKX feast on Indian liquidity with zero tax friction
Government wanted revenue. Instead they got capital flight and zero enforcement leverage
Classic policy own goal
₹9,00,100 crore traded on foreign exchanges vs ₹51,446 crore domestically in FY25-26
That's a 17:1 ratio. The 30% tax + 1% TDS isn't just hurting—it's exiling capital
Domestic exchanges are getting obliterated while Binance, Bybit, OKX feast on Indian liquidity with zero tax friction
Government wanted revenue. Instead they got capital flight and zero enforcement leverage
Classic policy own goal