India has once again ranked number one globally in grassroots crypto adoption, as per a new report released by investment platform Mudrex. Despite this ongoing dominance in the digital asset space, the sentiment among Indian investors is clear: they want a regulated, fair, and structured crypto environment.
Based on insights gathered from over 9,000 individuals across age groups and professions, the Mudrex report reveals that 93% of Indian crypto users are in favor of regulatory frameworks. Among them, 56% support full-fledged regulation to ensure investor protection and financial stability. Another 24% call for minimal interference to encourage technological innovation, while 13% want regulations strictly around taxation.
A major point of contention remains India’s harsh crypto taxation. A flat 30% tax on gains without loss offset provisions and a 1% TDS on each transaction have made crypto trading costly—especially for smaller retail investors and young traders. The study found that 84% of participants believe the tax rules are unfair, leading to hesitation and a pullback from active investment.
Yet, optimism remains strong. Around 90% of surveyed individuals said they would increase their investments if policies became clearer and more balanced. Young professionals and salaried employees—the driving force behind India’s crypto adoption—are particularly eager for reform.
Notably, crypto is now shaping voter behavior. An impressive 91% of respondents said crypto policy influences their political choices, and nearly three-quarters of those under 35 claimed they’d vote for parties that promote progressive crypto stances. This indicates that for India’s youth, crypto is no longer just a financial tool—it’s a symbol of innovation and global participation.
While crypto remains legal to invest in, it lacks a regulatory framework and is not recognized as legal tender. The Indian government continues to caution users about the risks due to volatility and the potential for misuse.
The report paints a clear picture: India may lead in usage, but investors are now demanding clarity, fairness, and a stable future for digital assets.
