Crypto firms face July 1 EU cutoff as MiCA grace period ends
first published 2026-06-03T12:33:17Z
In an interview, Nischal Shetty argued that India should reduce or remove the 1% crypto TDS because it hurts market liquidity and drives activity offshore. He also called for tax reform, clearer rules for compliant exchanges, and a broader regulatory framework supporting stablecoins, tokenized real-world assets, and blockchain innovation.
AI Analysis
The summary says the 1% TDS hurts liquidity and pushes activity offshore, which is negative for trading activity. It is a policy discussion about taxes and regulation, so the market impact is moderate rather than high.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
