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India Explores New Perspectives on Bitcoin Amidst Global Crypto Developments
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India is reconsidering its approach to cryptocurrency as global acceptance and integration of digital assets ramp up, with significant developments across several nations.
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The Indian government is closely monitoring these international shifts, which may influence its regulatory framework moving forward.
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India’s consistent tax structure, imposing a 30% tax on gains from crypto transactions, remains unchanged despite ongoing evaluations.
India reassesses its crypto regulations in light of global developments and maintains its tax structure as digital assets gain traction worldwide.
India’s Review of Crypto Regulation
As reported by Reuters, India’s Economic Affairs Secretary, Ajay Seth, stated that the nation must not adopt a unilateral approach to cryptocurrency regulation. He noted, “Cryptocurrencies don’t believe in borders,” reflecting the need for a more collaborative regulatory stance amid global changes.
With significant countries like the U.S. gearing up to create a “digital asset stockpile” and nations like Japan and Switzerland adapting their financial systems to embrace Bitcoin, India’s response requires careful consideration. This global traction has prompted reconsideration of the anticipated discussion paper on crypto regulations, which has been postponed from its original release date in September 2024.
“More than one or two jurisdictions have changed their stance towards cryptocurrency… In that stride, we are having a look at the discussion paper once again,” Seth shared, signaling India’s intention to adapt to international trends.
However, the lack of adjustments to India’s crypto tax framework was evident in the recent 2025 Union Budget. Currently, Indian lawmakers continue to enforce a taxation model that includes a hefty 30% tax on capital gains from cryptocurrency and a 1% TDS on crypto-related transactions.