Prime Minister Modi’s ambitious plan to revamp India’s Goods and Services Tax (GST) system is set for implementation by Diwali 2025. This overhaul aims to simplify the tax regime and alleviate the burden on essential goods, sparking market optimism and potential growth across various sectors. The reform, spearheaded by Prime Minister Narendra Modi, focuses on reducing the tax burden on everyday products and services. While initial impacts on cryptocurrency markets are currently unclear due to a lack of specific regulatory updates, the overall shift towards more simplified taxation regimes could lead to increased consumer confidence and demand in traditional industries. 600+ points were added to the Sensex and Nifty indices after Modi’s announcement, highlighting market anticipation for positive economic outcomes. This transformation comes on the heels of past GST implementations in 2017 that yielded significant changes in compliance levels and market behavior. Similar trends are being observed across other countries with major regulatory overhauls, indicating a potential increase in price fluctuations across various sectors. For the decentralized cryptocurrency sector, existing GST regulations remain unchanged, as these reforms have historically had minimal direct impact on this unregulated space.