#DigitalAssetBill As digital economies expand and blockchain technology reshapes global finance, governments worldwide are grappling with the classification, regulation and taxation of Virtual Digital Assets (VDAs). India’s Income Tax Bill, 2025 introduces a comprehensive legal framework for VDAs defined in Section 2(111), aligning the country’s tax structure with global precedents. This move is crucial, considering how major economies like the U.K., the U.S., Singapore, Australia, New Zealand, and the UAE have approached VDAs — primarily as property or securities.