Yes the current government doesn't want people to get into crypto because some old government officials and ministers think that crypto is dengerous for the economy. Also the banking lobby is consistently promotion anti-crypto campaign which are further scaring people away.
No wonder, any financially rich person wants to leave India at any cost. It's the mentality to blame. 30% tax is just a tool to scare people. Also government uses income tax notices if they find out you have dealt in crypto.
The government and RBI both are involved here and have brought anti-crypto policies so that people stay away from it.
They want to squeeze every penny of tax that can be collected from the middle class and so they have introduced 30% flat tax.
The rich obviously have their ways to evade this tax but the middle class still struggle with that.
Some of them have stopped buying crypto due to this absurd taxation policy.
It would make sense if we get good services for our tax paid but instead what we get is broken roads, worst hospitals and staff and corrupt politicians.
All of them join hands to suck the left over money with us and then use their power and their goons to threaten us.
Why wouldn't anyone think to leave India. What does India even offer for their citizens to pay tax.