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India Prepares to Reveal Crypto Regulation Plans After September 16 Hearing

Guavy AI Editorial Team
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The Finance Ministry in India is set to discuss crypto regulation on September 16. The discussion will focus on virtual digital assets (VDAs) and could bring changes to the way India sees crypto.

According to reports, around 91.5% of India's crypto trading volume was conducted through offshore platforms. This raises questions about the current rules and regulations surrounding cryptocurrency in India.

The meeting could shape future rules on crypto taxation, asset classification, and offshore trading. It is expected that the Finance Ministry's Department of Economic Affairs (DEA) will present its views on crypto before the Standing Committee on Finance on September 16.

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