Crypto startups in India are hoping for favourable policies from the government in the upcoming Union Budget 2023-24. They are calling for a clear regulatory framework for domestic crypto exchanges, more information on the Crypto Bill, lower taxes on crypto, and a supportive environment for blockchain and Web3 companies.
Additionally, they hope that the government will allow crypto investors to offset and carry forward losses to create a fair playing field for virtual digital assets in India and raise the TDS exemption limit to a "reasonable level".