India has reaffirmed its decision to retain a 30% flat tax on cryptocurrency gains and a 1% Tax Deducted at Source on every trade, despite sustained criticism from investors and industry participants. The policy, introduced in February 2022, has been blamed for shrinking domestic trading volumes and driving capital to offshore platforms. Finance Minister Nirmala… Continue reading India Retains 30% Crypto Tax and 1% TDS, Signaling Regulatory Caution Over Market Expansion
Tag: India
Inside India’s Crypto Compliance Framework: How Exchanges Are Strengthening Customer Vetting
As India’s cryptocurrency sector matures under tighter regulatory scrutiny, digital asset exchanges are significantly enhancing customer verification and compliance mechanisms. With stringent tax norms, anti-money laundering obligations and Financial Intelligence Unit registration requirements now in place, platforms are adopting multilayered Know Your Customer protocols and transaction monitoring systems. These measures aim to mitigate financial crime… Continue reading Inside India’s Crypto Compliance Framework: How Exchanges Are Strengthening Customer Vetting
India Tightens Oversight of Cryptocurrency Trading Amid Rising Compliance Concerns
India’s tax authorities are intensifying surveillance of cryptocurrency transactions as digital asset trading gains scale and sophistication. A senior tax official has confirmed that regulators are closely tracking evolving trading patterns to ensure adherence to tax and anti-money laundering laws. The move follows the introduction of a 30% tax on virtual digital asset gains and… Continue reading India Tightens Oversight of Cryptocurrency Trading Amid Rising Compliance Concerns
India to Join Global Crypto Reporting Network in Major Transparency Push
India will begin sharing cross-border cryptocurrency transaction data with foreign tax authorities starting April 1, 2027, as part of a global effort to strengthen oversight of digital assets. The move aligns the country with the Crypto-Asset Reporting Framework, an international standard designed to improve tax transparency and curb illicit financial flows linked to virtual currencies.… Continue reading India to Join Global Crypto Reporting Network in Major Transparency Push
Indian-Origin Duo Arrested in US for Multi-Million Dollar Money Laundering Scheme Involving Gold and Crypto
Two Indian-origin men have been apprehended in the United States in connection with a sophisticated money laundering operation that exploited victims using gold and cryptocurrency payments. Authorities allege that the accused orchestrated a large-scale scam, coercing individuals into transferring funds and assets, including gold bars and digital currency, under fraudulent pretenses. This case highlights the… Continue reading Indian-Origin Duo Arrested in US for Multi-Million Dollar Money Laundering Scheme Involving Gold and Crypto
Budget Signals Tighter Oversight With Penalties for Crypto Disclosure Failures
The latest Union Budget signals a decisive shift toward stricter oversight of the cryptocurrency sector, proposing financial penalties for digital asset firms that fail to comply with transaction disclosure requirements. The move aims to strengthen transparency, curb illicit financial flows and align India’s digital asset framework with global regulatory standards. Authorities are seeking improved reporting… Continue reading Budget Signals Tighter Oversight With Penalties for Crypto Disclosure Failures
India’s Crypto Derivatives Market Expands With New Futures Platforms Set for 2026
India’s cryptocurrency market is entering a new phase as several domestic platforms prepare to launch or expand crypto futures trading in 2026. Until recently, Indian derivatives traders relied heavily on offshore exchanges, facing challenges such as dollar-based settlements, complex fund transfers and regulatory ambiguity. A new generation of India-focused platforms aims to bridge that gap… Continue reading India’s Crypto Derivatives Market Expands With New Futures Platforms Set for 2026
Cryptocurrency Investing in India: Opportunity, Volatility and the Road Ahead
Cryptocurrency investing in India has evolved from a niche interest into a mainstream financial trend, particularly among younger investors. With increasing participation from Gen Z and millennials, digital assets are becoming a notable component of diversified portfolios. While the market offers significant growth potential, round-the-clock trading and innovative earning mechanisms, it also carries substantial risks.… Continue reading Cryptocurrency Investing in India: Opportunity, Volatility and the Road Ahead
Budget 2026 May Redefine India’s Crypto Tax Landscape Amid Industry Push for Clarity
As India approaches Budget 2026, the cryptocurrency sector is intensifying its appeal for regulatory and tax clarity to foster innovation while ensuring compliance. Industry stakeholders argue that the current framework, marked by high tax rates and complex reporting rules, has constrained domestic growth and driven trading activity offshore. Policymakers now face mounting pressure to simplify… Continue reading Budget 2026 May Redefine India’s Crypto Tax Landscape Amid Industry Push for Clarity
India’s Crypto Industry Pushes for Comprehensive Tax Overhaul in Budget 2026
As India prepares for the 2026 Union Budget, the cryptocurrency sector is calling for a major tax overhaul to stimulate innovation and investment. Industry stakeholders argue that current taxation frameworks—marked by high capital gains levies and limited clarity on crypto transactions—impede growth and encourage informal markets. Leaders across exchanges, blockchain firms, and fintech platforms are… Continue reading India’s Crypto Industry Pushes for Comprehensive Tax Overhaul in Budget 2026