India's crypto policy might actually move forward
Parliamentary Finance Committee just held a session on Virtual Digital Assets (VDAs) — first real signal the government is taking this seriously
Key details:
→ Dept of Economic Affairs involved
→ Government response expected next week
→ Could shape India's entire crypto framework
What's on the table:
• Tax reform (current 30% + 1% TDS is brutal)
• Exchange regulation
• Custody rules
• How to deal with offshore platforms
Nothing approved yet — but this is the most concrete movement we've seen in months
If India gets regulation right, it unlocks 1.4B people. If they fumble it, capital keeps flowing to Dubai and Singapore
Watch this space 🇮🇳
Parliamentary Finance Committee just held a session on Virtual Digital Assets (VDAs) — first real signal the government is taking this seriously
Key details:
→ Dept of Economic Affairs involved
→ Government response expected next week
→ Could shape India's entire crypto framework
What's on the table:
• Tax reform (current 30% + 1% TDS is brutal)
• Exchange regulation
• Custody rules
• How to deal with offshore platforms
Nothing approved yet — but this is the most concrete movement we've seen in months
If India gets regulation right, it unlocks 1.4B people. If they fumble it, capital keeps flowing to Dubai and Singapore
Watch this space 🇮🇳
