Thats probably because of RBI hidden agenda to screw over Indians and make their CBDC not much different from SEC's agenda to screw over Americans except we gotta pay 30% Tax on our profits while cuntries like malaysia indonesia thailand etc have 0% taxable income on all crypto profits
If your earning from cryptocurrency is substantial then it is better to leave India. Many have left for Dubai and after you pointing out Malaysia & Indonesia I imagine many would move into these countries too. They both are similar to India but they want their citizens to rise above poverty. Whereas India wants its middle class to become poor and that might be the reason they implemented tax without regulations
