India's Biggest Pro-Crypto Speech EVER in Parliament By RAGHAV CHADA: Full Breakdown
AAP MP Raghav Chadha Dropped a Powerful Statement in Rajya Sabha during Budget 2026-27 debate 👇
ON CRYPTO:
"We Tax Crypto Like It's Legal, But Regulate It Like It's Illegal."
→ India Charges 30% Tax + 1% TDS on Crypto, Yet NO Legal Recognition
→ ₹4.8 Lakh Crore ($55.8B) Trading Volume Moved Offshore
→ 73% of India's Crypto Trading Now on Foreign Exchanges
→ 180 Crypto Startups Left for Dubai & Singapore
His Demand: Legalize Crypto with Strong AML Regulations. This Could Bring ₹15,000–20,000 Crore ($1.7B–$2.3B) in Annual Tax Revenue Back.
"PROHIBITION IS NOT PROTECTION. REGULATION IS PROTECTION."
On Equity LTCG Tax:
➤ Make LTCG tax ZERO for Individual Investors
➤ Welcomed STT Hike on Derivatives (90% Retail Traders Lose in F&O)
➤ Cited Singapore, UAE, Switzerland, All Have Zero LTCG
Other Key Proposals:
🔷 Blockchain-based Land Registry (India's property Dispute Rate: 48% vs UAE's <1%)
🔷 Inflation-Linked Wage Protection for Gig Workers
🔷 Increase Health Spending to Match Global Standards
CryptoPatel Summary: This is One of the Strongest Pro-Crypto Statements ever made in Indian Parliament. However, Budget 2026 Brought No Crypto Relief, Instead, New Penalties for Incorrect Reporting Start April 2026.
