Key Takeaways:
- India may reconsider its strict crypto regulations as global adoption accelerates.
- Economic Affairs Secretary Ajay Seth hints at a reassessment, acknowledging crypto’s borderless nature.
- India recently introduced a tax of up to 70% on undisclosed crypto gains.
India, known for its strict crypto regulations, may be rethinking its stance as global adoption grows.
Economic Affairs Secretary Ajay Seth hinted at a potential policy shift, acknowledging that digital assets transcend borders.
JUST IN: 🇮🇳 India to review its stance on cryptocurrency due to global policy changes.
— Watcher.Guru (@WatcherGuru) February 2, 2025
This comes as India imposes a tax of up to 70% on previously undisclosed crypto gains.
The move aligns with a broader global trend, where nations may feel pressured to adopt digital assets to stay competitive.
Recent regulatory changes in the U.S. could further influence India’s approach.
🚨 BREAKING 🚨
— Kyle Chassé / DD🐸 (@kyle_chasse) February 2, 2025
🇮🇳 INDIAN GOVT PLANNING 70% TAX ON UNDISCLOSED CRYPTO GAINS!! pic.twitter.com/oh7zZ3eSLj
Crypto advocates argue that once major economies embrace digital assets, others will follow suit.
This potential shift signals India’s awareness of the evolving digital economy and the need to reassess its regulatory framework.