印度的加密稅收迷宮：GST，Bybit和Defi逃生？

解碼印度複雜的加密稅收格局：bybit上的新的18％GST，其對貿易商的影響以及向Defi平台的潛在轉變。

India's crypto landscape just got a whole lot taxier. With the introduction of an 18% Goods and Services Tax (GST) on crypto services via platforms like Bybit, Indian crypto enthusiasts are facing a triple whammy of taxes. Is this the tipping point that sends them fleeing to the decentralized world of DeFi? Let's dive in.

印度的加密景觀卻變得更加出色。隨著通過BYBIT等平台上的加密服務上的18％商品和服務稅（GST），印度加密愛好者正面臨三重稅收。這是使他們逃到Defi的分散世界的轉折點嗎？讓我們潛水。

The Triple Tax Threat: A Crypto Tax Breakdown

三重稅收威脅：加密稅收稅違規

As of July 7, 2025, Bybit, a popular crypto exchange, will be levying an 18% GST on nearly all its services for Indian users. This comes on top of the existing:

截至2025年7月7日，流行的加密交易所拜比特（Bybit）將在其印度用戶幾乎所有服務上徵收18％的GST。這是現有的最重要的：

• 30% tax on crypto profits.
• 1% Tax Deducted at Source (TDS) on every sell transaction.

This combination, dubbed the "triple tax trap" by some, makes India one of the highest-taxing nations for crypto globally. Think about it: if you make a profit on a trade, nearly half of it could go to taxes! Ouch.

這種組合被某些人稱為“三重稅收陷阱”，使印度成為全球加密貨幣稅最高的國家之一。想一想：如果您從交易中獲利，則近一半可能會徵稅！哎喲。

What's Getting Taxed?

有什麼稅？

According to crypto influencer Keyur Rohit, the 18% GST applies to a broad spectrum of services on Bybit, including:

根據加密影響者Keyur Rohit的說法，18％的GST適用於BYBIT的各種服務，包括：

• Spot and futures trading fees
• Copy and bot trading
• Staking rewards
• Withdrawals
• Card payments
• Token swaps
• Yield earnings
• Deposits via card or bank

Furthermore, Bybit is discontinuing crypto loans and the Bybit Card for Indian users. It's a pretty comprehensive sweep.

此外，Bybit正在停止使用加密貸款和印度用戶的Bybit卡。這是一個非常全面的掃蕩。

DeFi: The Potential Escape Hatch?

defi：潛在的逃生艙口？

The big question is: where do Indian crypto traders go from here? One potential answer is Decentralized Finance (DeFi). DeFi platforms offer a way to trade and invest in crypto without the same level of regulation and taxation as centralized exchanges. The hope is that this move could discourage trading and encourage a shift to DeFi or peer-to-peer platforms.

最大的問題是：印度加密貨幣交易者從這裡去哪裡？一個潛在的答案是分散的財務（DEFI）。 Defi平台提供了一種在沒有類似於集中式交流的法規和稅收的情況下進行交易和投資加密的方法。希望這一舉動可以阻止交易，並鼓勵轉移到Defi或點對點平台。

However, it's important to note that avoiding tax isn't advisable, and DeFi isn't a complete safe haven. Indian authorities are likely to keep a close eye on DeFi activity, and new regulations could eventually extend to that space as well.

但是，重要的是要注意，避免稅不建議，而Defi並不是一個完全的避風港。印度當局可能會密切關注Defi活動，新法規最終也可以擴展到該空間。

The Bigger Picture: Innovation vs. Regulation

更大的前景：創新與法規

India's approach to crypto has always been cautious, even restrictive. The government's intention is to integrate cryptocurrencies into its financial legal framework. While regulation is necessary to protect investors and prevent illicit activities, over-taxing and over-regulating could stifle innovation and drive users underground.

印度對加密貨幣的方法一直是謹慎，甚至限制性的。政府的目的是將加密貨幣整合到其財務法律框架中。雖然必須進行監管來保護投資者和防止非法活動，但過度稅和過度監管可能會扼殺創新並推動用戶地下用戶。

A more balanced approach is needed – one that supports innovation without stifling users. The UK, for example, is also tightening crypto tax oversight but with the aim of generating revenue for public services. The key is to find a sweet spot where the government can collect revenue without crippling the industry.

需要一種更加平衡的方法 - 一種支持創新而無需扼殺用戶的方法。例如，英國也正在收緊加密稅收監督，但目的是為公共服務產生收入。關鍵是要找到一個最甜蜜的地方，政府可以在不削弱行業的情況下收取收入。

My Two Satoshis: A Call for Clarity

我的兩個satoshis：呼籲清晰

While I understand the need for regulation, India's current crypto tax regime feels a bit like using a sledgehammer to crack a nut. It risks pushing legitimate businesses and users away, hindering the growth of a promising sector. A clear, fair, and innovation-friendly tax framework is essential for India to truly benefit from the crypto revolution.

雖然我了解對監管的需求，但印度目前的加密稅收制度感覺有點像用大錘破裂螺母。它有可能將合法的企業和用戶推開，從而阻礙了有前途的行業的增長。一個清晰，公平和創新的稅收框架對於印度真正受益於加密革命至關重要。

The Bottom Line

底線

India's crypto tax situation is complex and evolving. The 18% GST on Bybit is just the latest twist in the tale. Whether it leads to a mass exodus to DeFi or prompts a re-evaluation of the country's crypto policies remains to be seen. One thing's for sure: it's going to be an interesting ride. So buckle up, crypto comrades, and stay informed!

印度的加密稅收狀況既複雜又不斷發展。 Bybit上的18％GST只是該故事中的最新轉折。無論是導致大規模出埃及記，還是提示重新評估該國的加密政策還有待觀察。可以肯定的是：這將是一個有趣的旅程。因此，搭扣，加密同志，並保持知情！