🚨 Key takeaways from today’s Indian Parliamentary meeting on VDAs (Virtual Digital Assets) 👀
• Committee raised concerns that “thousands of crores” are moving out of India through crypto investments • Binance India, WazirX & ZebPay were called to attend the discussion • Revenue Secretary and senior tax officials were also present • RBI reportedly continues to oppose crypto regulation strongly • India is studying how the U.S., EU, China, Japan & Brazil regulate crypto • No final decision yet — more meetings are expected • Despite high crypto taxes, most Indian trading volume still flows through foreign exchanges ⚠️
India’s crypto regulation debate is clearly entering a more serious phase 🟠
🚨 Key takeaways from today’s Indian Parliamentary meeting on VDAs (Virtual Digital Assets) 👀
• Committee raised concerns that “thousands of crores” are moving out of India through crypto investments • Binance India, WazirX & ZebPay were called to attend the discussion • Revenue Secretary and senior tax officials were also present • RBI reportedly continues to oppose crypto regulation strongly • India is studying how the U.S., EU, China, Japan & Brazil regulate crypto • No final decision yet — more meetings are expected • Despite high crypto taxes, most Indian trading volume still flows through foreign exchanges ⚠️
India’s crypto regulation debate is clearly entering a more serious phase 🟠