The Indian government is set to release a discussion paper regarding cryptocurrency regulation in June 2025, sparking anticipation within the industry. Industry leaders cautiously welcome this development, believing it will provide much-needed clarity and structure for the sector’s future.
A key takeaway from the discussion paper is the anticipated establishment of a framework for oversight, with stakeholders encouraged to offer input on potential regulatory approaches.
Sumit Gupta, CEO of CoinDCX, expressed optimism regarding this development: “India’s crypto policy is finally receiving crucial attention in June 2025! We anticipate that it will address critical sector risks and invite public comments before shaping future regulations. However, there won’t be any firm commitments on regulation just yet.”
Key figures like the Reserve Bank of India (RBI) and Sumit Gupta are actively involved in shaping this regulatory framework.
This discussion paper is anticipated to introduce new compliance standards for crypto businesses impacting investors and exchanges nationwide. This increased clarity might contribute to market stability.
While influenced by global frameworks from organizations like the International Monetary Fund (IMF) and Financial Stability Board (FSB), India’s approach intends to bolster investor confidence, aligning with international standards without compromising national interests.
India’s existing 30% tax on crypto gains provides a precedent for regulatory structure. This, combined with the FIU registration requirement for exchanges, highlights India’s gradual and structured approach to regulating crypto.
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