India's Crypto Regulation Hearing Could Bring Clarity to VDA Rules

The Indian government is set to discuss crypto regulation on September 16 in a meeting that could shape future rules for virtual digital assets (VDAs).

Around 91.5% of India's crypto trading volume was conducted through offshore platforms, sparking concerns about taxation and asset classification.

The Finance Ministry's Department of Economic Affairs is expected to present its views on crypto before the Standing Committee on Finance, addressing long-standing questions about agency responsibility and digital asset definition.