According to @simplykashif, India’s Income Tax Department told the Parliament’s Finance Committee that crypto poses serious risks and it supports the Reserve Bank of India’s opposition to wider entry for digital assets, indicating a restrictive policy bias that traders should note for INR-linked crypto activity, source: @simplykashif on X, Jan 8, 2026. This aligns with the RBI’s prior public warnings on crypto risks and India’s existing 30% tax plus 1% TDS regime, which increase the effective cost of onshore trading for BTC and ETH and can constrain local order-book depth, source: Reserve Bank of India public statements 2021–2023; Government of India Finance Act 2022.