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International Business Times

Business

Marvie Basilan

India Reviewing Crypto Stance Amid Shifting Global Views: Senior Official

Crypto India Ajay Seth SEC Donald Trump WazirX

India has stringent crypto policies and also didn't change its crypto taxation guidelines as per the Union Budget 2025. (Credit: Traxer/Unsplash)

KEY POINTS

The Indian government is reviewing a discussion paper on crypto, said India's Economic Affairs Secretary
India's Union Budget 2025 did not mention any reductions in taxes on cryptocurrencies
The exploit of Indian exchange giant WazirX in mid-2024 wiped out a staggering $230 million

The Indian government is reviewing its views on cryptocurrencies, given the apparent shift in global positions regarding the emerging industry, a senior official revealed Sunday.

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