This Week In Crypto Asia: India’s Crypto Tax Reforms, Japan’s Stablecoin Push, And DBS’s Tokenization Drive

The Asian crypto landscape is in constant motion, especially with the recent downturn that BTC and ETH experienced. Amidst all this, massive regulatory changes are underway in the Asian crypto sector.

Here is what transpired.

India’s Crypto Tax Talks Add Momentum To Asian Crypto Policy Reforms

The Central Board of Direct Taxes (CBDT), India’s direct tax authority, has reportedly consulted domestic crypto platforms regarding its current virtual digital asset (VDA) framework, according to a local report published on 18 August 2025.

Industry insiders revealed that the CBDT questioned the effectiveness of the current taxation system on crypto and sought input on whether they require a standalone legal regime.

The focus seems to be on the 1% tax that authorities deduct at source (TDS) on crypto trades, the restrictions on loss offsetting, and the ambiguity around offshore transactions.

The CBDT further requested inputs regarding the shortlisting of government agencies that would oversee the development of the new crypto framework.

India Eyes Crypto Tax Reform

CBDT in India is asking people for suggestions to improve crypto rules. They may reduce the 1% TDS on crypto trades and might allow investors to adjust losses, to make things easier and more fair.#CryptoNews #tax #India #Indian pic.twitter.com/vdDDqfBIyy

— Tanveer

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