India’s Crypto Crackdown Could Be Ending – Here’s Why

Last Updated on February 3, 2025

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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.

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.

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.

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