Cryptocurrencies and NFTs(Non-Fungible Tokens) are a form of decentralised digital assets which can be traded by people in exchange for an item of the same category. For example, Bitcoin can be traded after a rise in it's demand for fiat currency and NFTs can be traded for Ethereum(another crypto currency) which can be further traded for fiat currency such as the Indian rupee. These assets are based on the blockchain technology which makes them completely decentralised (not controlled or possessed by a single person or a small group of people). This also means that no government or central bank can technically have complete control over these assets unlike the stock market which is controlled by capitalists and the central bank. 

Now, coming to the issue, India has decided to impose 30% tax for exchanging these digital assets. This cannot be done due to it's decentralised nature and is in a way "illegal". This means that a transaction done by a person on a assumed decentralised platform will be completed with only 70% of the principle value. The rest 30% will go to a third party government for no fair reason. The government cannot rightfully take this share of the principle invested my a hard working individual who purchased it with fiat currency which was already taxed previously. Also, losses incurred in the trading of these assets are of no concern to the government. 

Overall, this is an unfair way of taxation and the main objective of digital assets(decentralisation) is being defeated.