India Crypto Regulation Policy Faces Crucial Test in Parliament

India's Department of Economic Affairs (DEA), under the Finance Ministry, is set to appear before Parliament's Standing Committee on Finance on September 16. This meeting comes at a time when questions around India crypto regulation policy have grown louder within and outside the industry.

The DEA's appearance marks a crucial moment in shaping the country's digital asset framework. The committee has been examining Virtual Digital Assets (VDAs) for some time, and this hearing adds another piece to that puzzle.

Three key issues are expected to be discussed during the meeting: who should regulate crypto in India, how different assets should be legally classified, and how to bring offshore trading activity back under domestic tax and AML rules.