đ˘ No Crypto in FMâs 2026 Budget Speech? đĽ˛
Todayâs Union Budget by FM Nirmala Sitharaman covered infrastructure, semiconductor missions, capex hikes and more â but crypto and virtual digital assets didnât get a mention in the main speech. Despite growing calls from the industry for tax reform and regulatory clarity, nothing concrete came up in the Budget address itself. ďż˝
mint +1
Crypto investors and platforms had hoped for: ⢠Rationalised tax rates on gains
⢠Relief on 1% TDS on transactions
⢠Allowing loss set-offs against gains
⢠Clearer regulation to bring more activity onshore
âŚbut these didnât make it into todayâs speech. ďż˝
The Economic Times
Looks like the crypto community will be waiting a bit longer for clarity â or looking for answers in Budget documents and the Finance Bill later. What do you think â was this a miss or strategic silence? đ¤