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India Plans June Release of Crypto Discussion Paper for Stakeholder Feedback

The paper draws heavily on IMF and FSB guidelines to shape a measured regulatory framework for digital assets

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India set to release key crypto discussion paper soon

Overview

  • The government is finalising a discussion paper scheduled for June that will be opened to public comments
  • It will outline policy options and draw on global best practices, including a synthesis by the International Monetary Fund and Financial Stability Board
  • Officials say the framework will reflect India’s national interests and avoid any knee-jerk decisions
  • Current rules impose a 30 percent tax on crypto gains, a 1 percent TDS on transactions and require exchanges to register with the Financial Intelligence Unit
  • The Reserve Bank of India is advancing its own central bank digital currency as an alternative while US policy shifts under President Trump inform the review