The Indian crypto ecosystem is desperately looking for respite in the harsh tax policy that was introduced in 2022.

With the government set to present the data from the Economic Survey on January 31. In the last two economic surveys, there was no mention of cryptocurrencies or the potential use cases. However, in the economic survey 2020-21, there was a mention of blockchain based security protocols. This time around, after the implementation of the e-Rupee project and the government’s positive hints about potential web 3.0 adoption, the report could perhaps discuss the roadmap.

On February 2, 2022, the second day of the budget session, the government announced its decision to impose taxes on crypto trade. This time, the government could make a comprehensive comment on the information technology and finance industry on February 1, 2023.