印度预算前2025年：数字资产社区寻求有利的监管框架

印度财政部长尼尔马拉·西塔拉曼（Nirmala Sitharaman）将于2025年2月1日提出2025-26财政年度的工会预算。

India’s digital asset community is pinning its hopes on the upcoming Union Budget 2025, anticipating favorable regulatory changes that will breathe new life into the once-thriving crypto markets. The current policy landscape, marked by a 30% tax on profits and a 1% Tax Deducted at Source (TDS) on transactions, has dampened digital currency markets and pushed traders to offshore platforms, reducing liquidity and momentum.

印度的数字资产社区将其希望寄托在即将到来的2025年工会预算上，预计有利的监管变化将为曾经爆发的加密货币市场带来新的生活。当前的政策格局以30％的利润税和交易中扣除的1％税收税，使数字货币市场削弱了，并将交易者推向离岸平台，降低了流动性和势头。

This year’s budget holds special significance as India’s digital asset exchanges are likely looking at consolidation in 2025, with smaller exchanges either shutting down operations or merging with larger ones due to the country’s punishing taxation regime.

今年的预算具有特殊意义，因为印度的数字资产交易所可能在2025年关注合并，由于该国的惩罚税收制度，较小的交易所要么关闭运营或与较大的交易所合并。

“The Union Budget 2025 is on the horizon, and India’s cryptocurrency community is holding its breath, eagerly awaiting a glimmer of hope in the regulatory framework. The current policy landscape has cast a pall over the once-thriving crypto markets,” Raj Kapoor, founder of India Blockchain Alliance (IBA), told CoinGeek.

“ 2025年工会预算即将到来，印度的加密货币社区正在屏住呼吸，热切地等待监管框架中的一线希望。当前的政策格局对曾经爆发的加密货币市场产生了巨大的影响。

Making digital currencies an allowable asset class, like stocks or bonds, with provisions for loss offsets and carry-forward mechanisms, could restore liquidity, attract global players, and strengthen India’s role in the blockchain space, industry leaders say.

行业领导人说，将数字货币作为允许的资产类别（例如股票或债券），并提供损失抵消和随身携带机制的规定，可以恢复流动性，吸引全球参与者并加强印度在区块链领域中的作用。

“The Web3 ecosystem, with its decentralized platforms and applications, holds transformative potential for India’s digital economy. However, its growth has been impeded by existing tax structures and regulatory ambiguities,” pointed out Amit Kumar Gupta, a legal practitioner at the Supreme Court of India.

“ Web3生态系统及其分散的平台和应用程序对印度的数字经济具有变革性的潜力。但是，印度最高法院的法律从业人员阿米特·库马尔·古普塔（Amit Kumar Gupta）指出，现有的税收结构和监管歧义阻碍了它的增长。

“Clear and progressive regulatory frameworks are essential to foster growth in the Web3 space. Providing explicit guidelines can reduce uncertainty, encourage compliance, and attract both domestic and international investments,” Gupta told CoinGeek.

“清晰而渐进的监管框架对于促进Web3空间的增长至关重要。提供明确的准则可以减少不确定性，鼓励合规性并吸引国内和国际投资，”古普塔告诉Coingeek。

India is expected to lose $1.2 trillion in trade volume on domestic digital asset exchanges in the coming years, according to the Esya Centre, an Indian policy think tank. The study also highlights that harsh tax measures have driven $3.85 billion to foreign digital asset trading platforms as traders seek to avoid the heavy tax burden in India.

印度政策智囊团Esya中心表示，未来几年，印度在未来几年内将在国内数字资产交易所损失1.2万亿美元的贸易量。这项研究还指出，随着交易者寻求避免印度的沉重税收负担，严厉的税收措施已向外国数字资产交易平台付出了38.5亿美元。

With global innovation hubs on the rise, India risks falling behind if it maintains its cautious approach. The question remains: Will the government embrace bold reforms in this year’s Budget, or will it continue with slow, incremental changes for the Web3 industry?

随着全球创新枢纽的上升，印度的风险落后于其谨慎的态度。问题仍然存在：政府是否会在今年的预算中采取大胆的改革，还是会继续对Web3行业进行缓慢的变化？

“It’s high time to adopt a clean mix of policies that seamlessly integrate visionary regulation with bold incentives. Regulatory clarity is the foundation of innovation…opaque policies breed fear, but clear, comprehensive frameworks that define legal boundaries for cryptocurrencies, tokenized assets, and decentralized finance (DeFi) will bring in a new world of innovation,” Kapoor said.

“现在是时候采用清晰的政策组合，将有远见的监管与大胆的激励措施无缝整合。监管清晰度是创新的基础……不透明的政策滋生了恐惧，但清晰，全面的框架定义了加密货币，标记资产和分散的财务（DEFI）的法律界限（DEFI）将带来一个新的创新世界，” Kapoor说。

“As blockchain transforms industries from finance to logistics, those that embrace its potential today will wield the competitive edge tomorrow. It’s not just about keeping pace with change—it’s about leading the charge and reshaping the rules of global commerce,” Kapoor added.

“随着区块链将行业从金融转变为物流，那些拥抱其潜力的行业将明天发挥竞争优势。这不仅是要与变革保持同步，还涉及领导指控并重塑全球商业规则。”卡普尔补充说。

Nasscom, India’s top IT industry association, has urged reforms in this budget to bolster the nation’s IT and startup sectors.

印度最高IT行业协会NASSCOM敦促在预算中进行改革，以加强国家的IT和初创企业领域。

“We have requested to implement a range of ease of doing measures to significantly boost competitiveness for IT-BPM (business process management), e-commerce and startups. These measures should boost efficiency for the broader industry,” Nasscom said.

“我们已要求实施一系列易于采取措施的范围，以显着提高IT-BPM（业务流程管理），电子商务和初创公司的竞争力。这些措施应提高更广泛的行业的效率。” Nasscom说。

The industry body has proposed the establishment of a central DeepTech fund and creating a grant framework to support the DeepTech ecosystem. It also recommends providing equity funding for early-stage DeepTech startups through a dedicated fund.

该行业机构提出了建立中央DeepTech基金的建立，并创建了支持DeepTech生态系统的赠款框架。它还建议通过专门的基金为早期DeepTech初创公司提供股权资金。

Nasscom highlights that DeepTech startups are at the forefront of innovation, utilizing advancements in science and engineering to address complex, real-world challenges. These startups focus on technologies such as artificial intelligence, the Internet of Things (IoT), blockchain, quantum computing, advanced materials, biotechnology, and more.

NASSCOM强调，DeepTech初创公司位于创新的最前沿，利用科学和工程学的进步来应对复杂的现实世界中的挑战。这些初创公司专注于人工智能，物联网（IoT），区块链，量子计算，高级材料，生物技术等技术。

India is home to over 3,600 DeepTech startups, which make up about 12 percent of the country’s total startup ecosystem, according to Nasscom.

据NASSCOM称，印度是3,600多家DeepTech初创公司的所在地，占该国最初创业生态系统的12％。

“The emergence of 211 new healthcare startups and the adoption of artificial intelligence and machine learning by 4,000 startups have driven a remarkable 28.03% growth in health-tech investments over the past year,” Harshit Jain, founder and global chief executive of Doceree, said in an emailed statement.

Doceree的创始人兼全球首席执行官Harshit Jain Jain说：“在过去一年中，有4000家初创公司的211家新型医疗创业公司的出现以及4000家初创公司通过4000家初创企业的采用人工智能和机器学习的效果增长了28.03％。”在电子邮件声明中。

“This momentum underscores the need for the upcoming Budget to focus on expanding India’s health-tech startup ecosystem through substantial tax relief and targeted incentives to empower practicing and aspiring healthcare entrepreneurs to further amplify the benefits of ongoing government initiatives for healthcare like the Ayushman Bharat Digital Mission,” Jain added.

“这种势头强调了即将到来的预算的需求，以专注于通过大量税收减免来扩展印度的健康技术新兴生态系统，并有针对性的激励措施赋予实践和有抱负的医疗保健企业家的能力，进一步扩大了诸如Ayushman Bharat Digital Car.任务，” Jain补充说。

Doceree uses AI, machine learning, and behavioral science to create a connected healthcare ecosystem.

Doceree使用AI，机器学习和行为科学来创建一个连接的医疗生态系统。

Additionally, prioritizing the creation of a dedicated financial pool for technology-driven solutions is essential to accelerate drug research and development, improve patient outcomes, and lower clinical trial costs. According to Jain, allocating resources for healthcare data management to enhance digital adoption across the sector can pave the way

此外，优先考虑创建用于技术驱动的解决方案的专用金融池对于加速药物研究和开发，改善患者预后和降低临床试验成本至关重要。根据Jain的说法，为医疗保健数据管理分配资源以增强整个行业的数字采用可以铺平道路