印度的加密税收迷宫：GST，Bybit和Defi逃生？

解码印度复杂的加密税收格局：bybit上的新的18％GST，其对贸易商的影响以及向Defi平台的潜在转变。

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.

印度的加密景观却变得更加出色。随着通过BYBIT等平台上的加密服务上的18％商品和服务税（GST），印度加密爱好者正面临三重税收。这是使他们逃到Defi的分散世界的转折点吗？让我们潜水。

The Triple Tax Threat: A Crypto Tax Breakdown

三重税收威胁：加密税收税违规

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）将在其印度用户几乎所有服务上征收18％的GST。这是现有的最重要的：

• 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.

这种组合被某些人称为“三重税收陷阱”，使印度成为全球加密货币税最高的国家之一。想一想：如果您从交易中获利，则近一半可能会征税！哎哟。

What's Getting Taxed?

有什么税？

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

根据加密影响者Keyur Rohit的说法，18％的GST适用于BYBIT的各种服务，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正在停止使用加密贷款和印度用户的Bybit卡。这是一个非常全面的扫荡。

DeFi: The Potential Escape Hatch?

defi：潜在的逃生舱口？

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.

最大的问题是：印度加密货币交易者从这里去哪里？一个潜在的答案是分散的财务（DEFI）。 Defi平台提供了一种在没有类似于集中式交流的法规和税收的情况下进行交易和投资加密的方法。希望这一举动可以阻止交易，并鼓励转移到Defi或点对点平台。

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，避免税不建议，而Defi并不是一个完全的避风港。印度当局可能会密切关注Defi活动，新法规最终也可以扩展到该空间。

The Bigger Picture: Innovation vs. Regulation

更大的前景：创新与法规

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.

印度对加密货币的方法一直是谨慎，甚至限制性的。政府的目的是将加密货币整合到其财务法律框架中。虽然必须进行监管来保护投资者和防止非法活动，但过度税和过度监管可能会扼杀创新并推动用户地下用户。

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.

需要一种更加平衡的方法 - 一种支持创新而无需扼杀用户的方法。例如，英国也正在收紧加密税收监督，但目的是为公共服务产生收入。关键是要找到一个最甜蜜的地方，政府可以在不削弱行业的情况下收取收入。

My Two Satoshis: A Call for Clarity

我的两个satoshis：呼吁清晰

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.

虽然我了解对监管的需求，但印度目前的加密税收制度感觉有点像用大锤破裂螺母。它有可能将合法的企业和用户推开，从而阻碍了有前途的行业的增长。一个清晰，公平和创新的税收框架对于印度真正受益于加密革命至关重要。

The Bottom Line

底线

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!

印度的加密税收状况既复杂又不断发展。 Bybit上的18％GST只是该故事中的最新转折。无论是导致大规模出埃及记，还是提示重新评估该国的加密政策还有待观察。可以肯定的是：这将是一个有趣的旅程。因此，搭扣，加密同志，并保持知情！