The hashtag “#ReduceCryptoTax” is trending on social media, as Indian crypto advocates try to argue for fairer regulation of the digital asset space in India. What Happened: In anticipation of the Interim Budget 2024-25, scheduled for presentation by India’s Union Finance Minister Nirmala Sitharaman on Feb. 1,nsocial media users are urging changes to cryptocurrency tax regulations. Despite appeals for a revision of crypto-related tax laws over the past two years, the government has not made significant adjustments. The current tax slab of 30% is higher than that for other sources of income, sa…