Industry authorities such as Punit Agarwal, founder of KoinX, and Rajat Mittal, the Supreme Court’s cryptocurrency tax advisor, agree that in the short term, India is unlikely to make significant adjustments to tax rates due to the emphasis on strengthening regulation. The current 1% TDS policy has led investors to shift to international exchanges and decentralized trading platforms, posing a potential impact on government finances. Therefore, strengthening regulation in the cryptocurrency sector is seen as the top priority rather than offering tax incentives.