India is unlikely to change its restrictive crypto tax rules when Finance Minister Nirmala Sitharaman unveils the country’s new budget on Wednesday, CoinDesk has learned.

The nation’s budget indicates how government resources are allocated and the latest tax rules. Last year, this included stiff taxes on crypto transactions: a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector, despite uproar from the industry.

Crypto trading volumes plummeted almost immediately, Indians moved more than $3.8 billion in trading volume from local to international crypto exchanges in the nine months after the announcement and interest in crypto nosedived.