#CryptoRegulation
India occupies a middle ground with no outright ban but also no full legalization of cryptocurrencies. The government has imposed a 30% tax on gains from crypto trading and a 1% tax deducted at source (TDS) on transactions above certain thresholds. The regulatory environment is shaped by multiple authorities: the Reserve Bank of India (RBI), Ministry of Finance, Securities and Exchange Board of India (SEBI), and the proposed Digital Currency Board of India (DCBI). Indiaโs 2021 Cryptocurrency and Regulation of Official Digital Currency Bill aims to ban private cryptocurrencies while allowing a Central Bank Digital Currency (CBDC) issued by the RBI. The government supports blockchain technology but restricts private crypto use due to concerns over money laundering and fraud