India Plots the Crypto Playbook: Regs, Taxes, and a Global Game Plan
India’s stepping up to lay down rules for the crypto hustle - talks in Parliament just signaled a move toward a legit framework for Virtual Digital Assets (VDAs).
Here’s the download: The government’s serious about keeping innovation alive while locking in investor safety.
Profits from crypto? The Income Tax Tribunal says they’re capital gains.
Anti-money laundering’s already in play (PMLA, 2023), and VDAs sit under IT and Companies Acts too.
Why this matters? Crypto’s borderless. India’s leaning hard on global partnerships (shoutout to their G20 push) to make sure no loopholes slip through.
Eyes on this; India’s crypto scene might just level up.