India's Finance Committee dropping a crypto policy response next week. Chairman Bhartruhari Mahtab confirmed they'll publish their stance first, then the committee finalizes their report.
This matters because India's been flip-flopping on crypto regulation for years - from attempted blanket bans to taxing gains at 30%. With 100M+ Indian users on exchanges, whatever policy drops will directly impact liquidity across $BTC $ETH and especially local projects.
The timing's interesting given the global regulatory shift - US finally getting clearer frameworks, EU's MiCA in effect. India could either go restrictive (killing local innovation) or pragmatic (potentially unlocking massive retail adoption).
Watch for: classification framework (commodity vs security), tax treatment changes, and whether they'll allow INR trading pairs again. If they greenlight proper banking integration, expect volume to spike hard on Indian exchanges.
This matters because India's been flip-flopping on crypto regulation for years - from attempted blanket bans to taxing gains at 30%. With 100M+ Indian users on exchanges, whatever policy drops will directly impact liquidity across $BTC $ETH and especially local projects.
The timing's interesting given the global regulatory shift - US finally getting clearer frameworks, EU's MiCA in effect. India could either go restrictive (killing local innovation) or pragmatic (potentially unlocking massive retail adoption).
Watch for: classification framework (commodity vs security), tax treatment changes, and whether they'll allow INR trading pairs again. If they greenlight proper banking integration, expect volume to spike hard on Indian exchanges.