Radhika Gupta Says ‘Don’t Buy Crypto in India’: Is Regulation the Bigger Risk?

• Radhika Gupta says India’s crypto risk lies in weak investor recourse, not only in volatility.
• India taxes VDA gains at 30% and applies 1% TDS, but investor safeguards remain limited.
• Bitcoin is the bigger daily risk, while regulation can become the larger tail risk in India.

Radhika Gupta’s warning shifts India’s digital-asset debate from returns toward a harder question: What happens when investors need protection? Speaking at the India Today Woman Summit 2026, the Edelweiss Mutual Fund managing director and CEO answered bluntly: “Don’t buy crypto.”

However, Gupta narrowed that warning to India and suggested her answer could differ in the United States. That distinction separates market risk from investor-protection risk. Bitcoin can lose value while remaining accessible, but platform failure can block access entirely.

Radhika Gupta Warns India’s…

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