India leads global crypto adoption, yet regulatory gaps persist. The 2020 Supreme Court ruling lifted RBI’s banking ban, spurring $6.6 billion in investments. A 30% tax and 1% TDS track VDAs, but comprehensive rules await a 2025 discussion paper, balancing innovation, tax compliance, and risks like money laundering.
India’s growing virtual digital assets sector faces regulatory gaps, which demands balanced policies for safer digital asset use.
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