Archive · 30 May 2025
India to Discuss Crypto Regulations Amid Shifting US Stance
India is planning to release a discussion paper next month about rules for cryptocurrencies.
This is happening because the US, especially with Donald Trump's support, is becoming more open to crypto.
The paper will look at what other countries are doing.
India currently taxes crypto profits and requires exchanges to register.
The government wants to make a careful decision, considering all sides.
Sunil Mittal, from Bharti Group, says India needs strong crypto rules due to the US's changing stance.
The Reserve Bank of India is creating its own digital currency.
India plans to release a discussion paper on crypto regulations next month.
The US, with Trump's support, is showing increased interest in crypto.
India currently taxes crypto gains at 30% but doesn't consider it legal tender.
Crypto exchanges in India must register with the Financial Intelligence Unit.
The Reserve Bank of India is developing its own Central Bank Digital Currency.
- Who
- Indian Government, Sunil Mittal
- What
- Floating a discussion paper on crypto assets norms.
- When
- Next month (June 2025)
- Where
- India
- Why
- To establish a regulatory framework amid growing acceptance of crypto assets.
Industry Position
Government Position
Regulatory Approach
Industry Position
Supports robust regulations to enable industry growth
Government Position
Cautions over crypto and aims for careful consideration, including potential risks such as money laundering, terror financing etc.
- Discussion Paper Release
- June 2025 (estimated)
- Crypto Tax Rate
- 30%
- Exchange Registration
- Financial Intelligence Unit
- Central Bank Digital Currency (CBDC)
- Reserve Bank of India (RBI)
- Key Advocate
- Sunil Mittal (Bharti Group)
