- India plans to release a crypto regulation discussion paper in June, aiming to shape future policy through public input.
- Industry leaders are urging tax reforms to revive domestic trading and attract global investment back to Indian platforms.
India is preparing to release a long-awaited discussion paper on cryptocurrency regulation in June 2025, a move that could reshape the future of digital assets in one of the world’s fastest-growing crypto markets. This paper is expected to outline potential policy frameworks, open the floor for public consultation, and signal a broader shift in how the Indian government approaches digital currencies.
Industry Pushes for Tax Relief as Regulation Takes Center Stage
Ever since India introduced a 30% tax on capital gains from cryptocurrency trades and an additional 1% tax deducted at source (TDS) on every transaction back in 2022, the domestic crypto industry has seen a steep decline in trading volumes. Industry reports suggest that more than 90% of Indian crypto activity has shifted to foreign platforms, prompting urgent calls for tax reform.
Crypto firms and experts have been lobbying for a reduced transaction tax of 0.1%, which they argue would still allow the government to track activity without stifling growth. Many stakeholders believe this lighter structure would encourage users to return to compliant, Indian-based exchanges.
What’s going on around the world is starting to hit close to home too. Trump recently came out in support of crypto, that move definitely made waves. When someone that big throws their weight behind something, it forces others to take a second look. Now, countries like India are feeling the heat and starting to rethink how they approach digital assets. Word is, there’s been a noticeable uptick in chats between Indian crypto founders and government folks. Both sides seem to get that it’s not just about locking things down—it’s also about giving the space room to breathe and evolve without turning it into a complete free-for-all.
What’s adding to the buzz is seeing big names like Binance and Coinbase making their way back into the Indian scene. Their comeback feels like a solid vote of confidence in India’s potential to become a space where crypto can actually grow under some clear rules. There’s been talk that if the government plays it right with regulation, the Indian crypto market could shoot past $15 billion by 2035. That kind of number isn’t just hype, it shows people are seriously betting on India figuring this out.
RBI and India Rethink Crypto Stance
Even the RBI, which has never really been shy about throwing shade at crypto, seems to be easing up a bit. They’re still not fully on board, but instead of instantly shooting things down, they’re apparently waiting to go through the upcoming discussion paper before making any new calls. It’s not a green light, but it’s definitely less of a hard no than before.
The upcoming paper isn’t gonna be a law or anything official just yet, but it’s still a pretty important move. It’s more like the first real attempt to get everyone—regulators, builders, and everyday folks—in the same room to figure things out. From what’s being said, it’ll cover stuff like how crypto should be taxed, what kind of protection investors need, and the kind of rules platforms should actually stick to. It’s not locking anything in, but it’s setting the vibe for what real laws could look like down the road.
If India handles this right, it could finally hit that middle ground—letting crypto grow without everything spinning out of control. It could bring some real direction to a space that’s been full of mixed signals and give investors a reason to stop second-guessing every move. Right now, everyone in the scene is watching June closely, hoping what drops isn’t just more talk, but something solid that actually sets the tone for clear rules, a stable setup, and a future that doesn’t feel like everyone’s just winging it.
Highlighted Crypto News Today
Paris Saint-Germain Becomes First Major Sports Club to Hold Bitcoin
