India, Dec. 6 -- Web3 industry body Bharat Web3 Association will be holding a meeting with the finance ministry to talk about high taxes on cryptocurrencies. The industry body, which constitutes Coinbase, CoinDCX, CoinSwtich Kuber and Polygon, among others as its founding members, will also be discussing the regulatory uncertainty within the ecosystem.

It has already submitted a draft of concerns and recommendations to the finance ministry and will also hold consultations with officials of the Central Board of Direct Taxes (CBDT). The consultation will be done in hopes to seek relief from the stringent crypto tax regime during the Budget 2023-2024 announcements.

According to a Business Standard report, the Bharat Web3 Association will l...