How’s India Looking in the Global Crypto Regulation Race?
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India remains behind major markets on crypto regulation but has implemented tax, AML and monitoring rules while avoiding a comprehensive law for virtual digital assets; the RBI opposes legalising VDAs and ICAI urges clearer law for compliance. Coinbase's return with INR deposits reopening tests the unclear policy and may boost CEX-driven adoption and on-ramps, but regulatory uncertainty limits immediate market upside.
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- India trails global crypto rules but relies on tax, AML, and monitoring controls.
- Coinbase return tests India’s unclear crypto policy as INR deposits reopen for users.
- RBI opposes legalising VDAs, while ICAI backs a clearer crypto law for compliance.
India remains behind major markets in the crypto regulation race, but it has not ignored the sector. The country has built tax, anti-money laundering, and monitoring rules while avoiding a full law for virtual digital assets.
That cautious model is drawing attention after Coinbase returned to India. The comeback has highlighted the market’s appeal and the limits of India’s unclear policy approach.
Coinbase Return Tests India Crypto Rules
At India Blockchain Week, Coinbase Asia-Pacific director John O’Loghlen called India a “North Star” for the exchange. The remark came as Coinbase outlined its renewed…
Read The Full Article How’s India Looking in the Global Crypto Regulation Race? On Coin Edition.
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