93% cryptocurrency investors want regulation, 84% find current taxes unfair: Survey

India remains at the forefront of global crypto adoption, securing the top spot for grassroots engagement for a third consecutive year, a report by Mudrex, a crypto investment platform, stated.

Yet beneath the numbers lies a clear message from investors: they’re demanding more than just fintech freedom—they want structure, fairness, and practical clarity.

A survey spanning over 9,000 people across professions and age brackets showed that a whopping 93% want regulations. Of the 93% that voted in favour of it, 56% asked for comprehensive rules that offered investor protection and stability. On the flipside, 24% wanted minimal regulation to fuel innovation. A small bracket of about 13% participants want regulation only in the realm of taxation. “India wants a Goldilocks approach—not too tight, not too loose, but just right,” the report stated.Further, a striking 84% of respondents view current crypto taxes as unfair, particularly the flat 30% tax on gains with no allowance for offsetting losses. This burden hits younger, lower-value traders hardest, reinforcing the sentiment that Indian crypto policy may be stifling its own potential. Furthermore, a 1% tax deduction at source only adds to the hindrance while investing in cryptocurrency.Still, 90% say they’d invest more if policies were clearer and taxation more balanced—especially salaried professionals and young investors, who form the backbone of India’s adoption story.

Perhaps most surprisingly, crypto is now a political issue. A compelling 91% of respondents consider crypto policy relevant to their vote, and nearly three-quarters of those under 35 say they’re “very likely” to back parties that support it. Urban youth, in particular, see crypto not just as an asset, but as a signal of innovation and global progress. Cryptocurrencies in India are not legal tenders and remain unregulated in India under a clear policy framework. While investing in them isn’t banned, the government has time and again warned against it given its high volatility, a lack of investor protection under a regulatory body and its potential use in illicit activities.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)