$BTC

India allows crypto trading but doesn’t recognize it as legal tender. Profits from crypto are taxed at a flat 30%, plus 1% TDS on transactions over ₹10,000, with no offset of losses or deductions, reflecting a strict fiscal stance . Exchanges and VASPs must register with the Financial Intelligence Unit and adhere to rigorous KYC/AML reporting standards .

The Reserve Bank of India (RBI) continues to caution that crypto poses risks to financial stability, highlighting potential impacts on monetary policy and money laundering . Meanwhile, a joint panel involving RBI, SEBI, and the Finance Ministry is preparing a discussion paper, expected in June 2025, that will explore policy frameworks and invite stakeholder feedback .

Senior officials have reaffirmed that while crypto remains unregulated, its proliferation—especially offshore—underscores the urgency for a clear regulatory roadmap