India to Release Crypto Policy Discussion Paper in June
The post India to Release Crypto Policy Discussion Paper in June appeared on BitcoinEthereumNews.com. India to issue a discussion paper on crypto regulation in June 2025 The paper will explore policy options, involving consultation with key stakeholders Taxation and compliance measures are already in place, but legal clarity remains. India will likely publish a discussion paper in June 2025 to explore policy frameworks for crypto assets. This step comes as digital currencies gain more traction globally, partly thanks to growing political backing in the United States. According to India Times, the government aims to consult stakeholders before finalizing any regulatory stance. Policy Paper to Set Groundwork for Regulation India’s Ministry of Finance is putting together this discussion paper to map out potential paths for regulating virtual digital assets (VDAs). According to officials familiar with the matter, the main idea is to get feedback and start a dialogue with stakeholders, not to roll out new laws immediately. Related: Crypto Market Pulse: Bitcoin ATH Volume Down 50%, India Tax Reform Pressure Mounts The paper will study how other countries are approaching crypto regulation and see what kind of rules might work best for India. The goal is to establish clear guidelines that align with national interests and financial stability while keeping pace with international developments. Where India Stands Now: Taxed, Tracked, But Not Officially Legal Right now, India’s stance on crypto is a bit murky. Back In the 2022–’23 budget, the government imposed a 30% tax on profits from digital assets. However, this did not grant legal recognition or regulatory status to cryptocurrencies. To enhance oversight, the government has also required all crypto exchanges operating in India to register with the Financial Intelligence Unit (FIU). This step will ensure compliance with anti-money laundering (AML) and counter-terrorism financing laws. Despite these moves, the lack of a comprehensive policy framework has left the industry in a regulatory grey…
The post India to Release Crypto Policy Discussion Paper in June appeared on BitcoinEthereumNews.com.
India to issue a discussion paper on crypto regulation in June 2025 The paper will explore policy options, involving consultation with key stakeholders Taxation and compliance measures are already in place, but legal clarity remains. India will likely publish a discussion paper in June 2025 to explore policy frameworks for crypto assets. This step comes as digital currencies gain more traction globally, partly thanks to growing political backing in the United States. According to India Times, the government aims to consult stakeholders before finalizing any regulatory stance. Policy Paper to Set Groundwork for Regulation India’s Ministry of Finance is putting together this discussion paper to map out potential paths for regulating virtual digital assets (VDAs). According to officials familiar with the matter, the main idea is to get feedback and start a dialogue with stakeholders, not to roll out new laws immediately. Related: Crypto Market Pulse: Bitcoin ATH Volume Down 50%, India Tax Reform Pressure Mounts The paper will study how other countries are approaching crypto regulation and see what kind of rules might work best for India. The goal is to establish clear guidelines that align with national interests and financial stability while keeping pace with international developments. Where India Stands Now: Taxed, Tracked, But Not Officially Legal Right now, India’s stance on crypto is a bit murky. Back In the 2022–’23 budget, the government imposed a 30% tax on profits from digital assets. However, this did not grant legal recognition or regulatory status to cryptocurrencies. To enhance oversight, the government has also required all crypto exchanges operating in India to register with the Financial Intelligence Unit (FIU). This step will ensure compliance with anti-money laundering (AML) and counter-terrorism financing laws. Despite these moves, the lack of a comprehensive policy framework has left the industry in a regulatory grey…
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