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
On May 29, the Chairman of Bharti Enterprises and the former president of the Confederation of Indian Industry, Sunil Bharti Mittal, demanded urgent regulatory clarity on virtual assets, quoting the volatile nature of the sector. Mittal attended the CII Annual Business Summit 2025, and there he spoke about the global
India’s cryptocurrency sector is actively advocating for tax changes as officials in New Delhi engage with the industry. The change in policy follows a renewed pro-crypto position from the United States after Donald Trump’s return to the White House. According to a report by Financial Times, since 2022, India has
India is popular for its stringent stance on cryptocurrencies. Government officials have multiple times mentioned cryptocurrencies during Union budgets and imposed hefty taxes. However, the country has a huge number of crypto investors and developers, who contribute to its ecosystem. The Supreme Court of India is involved in the matter
The Indian Government has instructed the crypto exchanges functioning in India to be extra cautious for transactions associated with persons residing in Jammu and Kashmir and in border areas. The financial intelligence unit, the central agency that limits money laundering and financial crimes, instructed this to various local Crypto platforms.
One of the most prominent exchanges, Binance, announced through its official website on April 18 that both new and existing users hailing from India need to go through the process of KYC (Know Your Customer) re-verification. The step has been taken to improve the global compliance standards and lead the
In a major blow to WazirX users, the Supreme Court has dismissed a criminal writ petition filed by 54 individuals seeking action against the crypto exchange and its co-founder Nischal Shetty over last year’s massive $230 million (₹2,000 crore) crypto hack. The court made it clear that it isn’t the
As Trump put a pause on the Tariff negotiations, the crypto market rallied upwards. Bitcoin has reclaimed its $80K mark and is currently trading in the $82K range. The altcoin sector has also shown positive movements in the last 24 hours. Meanwhile, the SEC, on completion of its final voting,
As global jurisdictions change to suit emerging crypto regulations, India too seems to change its approach towards digital assets. India’s Crypto Policy Re-Evaluation India had initially planned to introduce a consultation paper on crypto regulations following its 2023 G20 presidency. However, the government is now rethinking its approach due to
With more strict Western sanctions, Russian oil companies are using more and more cryptocurrencies to trade with India and China, Reuters. This reflects the part played by cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) in avoiding traditional financial rules. Crypto as a Tool to Trade Russian
