CoinDCX's CEO, Sumit Gupta, expressed hope for crypto tax relaxations in India during the 2025 budget discussions. He stated,

"I hope crypto finds some mention in this Budget, and some relaxation is granted on crypto taxation."
*Translation: * "Espero que las criptomonedas encuentren alguna mención en este presupuesto y que se otorgue alguna relajación en la tributación de criptomonedas."

Gupta argues that the absence of regulatory clarity is stifling innovation and pushing talent out of the country. He emphasized the importance of regulation but stated that India should embrace a leadership role in the crypto sector. In an interview with The Hindu dated January 16, 2025, he discussed the importance of balancing regulations to foster growth in the crypto market.

In addressing CoinDCX's potential acquisition of WazirX, Gupta mentioned, "There are many court proceedings and other factors. However, we remain open to helping impacted customers."
He criticized WazirX's response to a recent security breach, arguing that better measures could have been implemented. He concluded that CoinDCX is prepared to assist affected users to restore confidence in the ecosystem.

Explore further: India Is Deliberating On A Cryptocurrency Framework
Translation: India is contemplating a framework for cryptocurrency, focusing on international collaboration.