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Indian crypto firms feel pinch as regulatory chill sets in
Regulatory uncertainty and tax regime weigh heavily on India’s crypto startups.
Recent policy signals and taxation proposals are spooking India’s crypto startups. A spate of multi-agency oversight ideas and levy structures is pushing many token projects to shift operations offshore, while domestic trading volumes have dropped sharply. Firms say the regulatory ambiguity suppresses growth and investor confidence, dampening risk appetite in the local blockchain space. (AInvest / analysis citing central documents)