Mudrex, one of India’s biggest crypto investment platforms, has come out with a new survey on how Indians see regulation, taxation and the future of digital assets. The survey is titled “What India Thinks: Crypto Regulation, Taxation & Investment Trends.” It is based on the views of more than 9,000 people from different regions, professions and income groups.
Clear Call for Regulation
The most significant finding is that 93% of respondents support crypto regulation. Of these, 56% asked for a full framework with investor protection, 24% said lighter oversight would be better for innovation, and 13% wanted regulation to be limited to taxation. Half of those surveyed also supported the idea of a separate regulator for crypto.
Edul Patel, CEO and Co-founder of Mudrex, noted that India is already leading global crypto adoption with the talent, appetite, and scale to shape the digital asset economy. However, he emphasized that achieving this potential requires clear regulation. According to him, the survey highlights that investors are not opposed to rules, but to the uncertainty surrounding them.
Taxes Remain the Biggest Pain Point
Taxation came out as the biggest roadblock. About 84% of participants called the current system unfair compared to other assets. Two-thirds said the 30% tax on gains was the biggest deterrent. Other issues included not being able to offset losses (12%), fraud concerns (12%), 1% TDS (7%), and exchange fees (3%).
Nearly 9 in 10 investors said they would put more money into crypto if government policies were clearer. Out of these, 55% strongly backed the idea, while 35% said they would be encouraged if taxes were brought down.
Long-Term Outlook
Most respondents see crypto as more than a quick trade. About 64% said they view it as a tool for long-term wealth creation. Curiosity drives 14% of investors, 12% look at it for short-term profits, and 6% treat it as a safeguard against inflation. Just 4% are still unsure.
Where Investors Learn About Crypto
For most, YouTube is the go-to source, with 43% depending on it for updates. News outlets follow at 19%, then friends and family at 15%, and platforms like X at 14%. Education is also on the wish list—77% want blockchain and crypto to be part of college courses in India.
Politics and Policy Outlook
Crypto has entered the political space as well. About 67% of investors said they are very likely to back a party that supports digital assets, while 24% are somewhat likely. Only 9% said policy would not affect their vote.
At the same time, 78% believe India is already late in embracing crypto and Web3. With the government preparing a discussion paper, the survey offers a clear message: investors want clarity, fair taxation, and practical rules to match India’s growing role in global adoption.
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