Market News

Crypto Revolution in India: Coinbase Insights and Rising TDS Collections

Coinbase's recent report forecast for 2026 suggests an extraordinary transformation in the crypto landscape, aiming for deeper integration into the financial core.

As regulatory clarity and institutional engagement strengthen, the crypto market is anticipated to shift significantly over the next year.

The report emphasizes that clearer policies will influence how institutions manage strategy and compliance, ultimately reshaping the digital asset ecosystem.

Additionally, Coinbase highlights the potential growth of the stablecoin market, projecting a target cap of $1.2 trillion by 2028, driven by new use cases in payment services.

In tandem, India is experiencing a notable rise in tax collections from crypto transactions, with a 41% increase, totaling approximately ₹511.83 crore ($57 million) in FY25.

This increase in Tax Deducted at Source (TDS) indicates enhanced government tracking of digital asset activities amid a rising user base across the nation.

Maharashtra emerged as the leading contributor to these collections, reflecting a broader commitment to compliance and regulation in the Indian crypto space.

While the Indian government still wrestles with establishing a clear legal framework, the adoption rates in Tier-2 and rural areas highlight a robust public interest in cryptocurrencies.

The interplay between Coinbase's predictions and India's growing TDS collections exemplifies the dynamic and evolving relationship between digital assets and traditional financial structures.

As the crypto sector matures, success will hinge on harmonizing innovation with compliance to fully unlock its vast potential in markets like India.