India Reassesses Crypto Regulations in Light of Global Policy Shifts
India is reconsidering its cryptocurrency regulations as global perspectives shift, particularly in response to changing policies in the U.S. Economic Affairs Secretary Ajay Seth stated that multiple jurisdictions have altered their stance on digital assets.
Prompting India to reassess its approach. U.S. regulatory changes, such as President Trump’s supportive executive order and the potential recognition of bitcoin as a strategic reserve, have influenced this reevaluation. India’s current tax policies, including a 30% tax on crypto gains, remain a point of contention.
The country had planned to release a discussion paper on crypto in 2024, but the reassessment has raised doubts about that timeline.
Clever Robot News Desk 5th February 2025
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