#DigitalAssetBill comprehensive "Digital Asset Bill" that holistically regulates all aspects of cryptocurrencies and digital assets is still under development in India, significant steps have been taken through amendments to existing laws, particularly the Income Tax Act. Here's a review of the current situation, which reflects the essence of the ongoing legislative efforts:

Key Aspects of the Current Regulatory Landscape:

* Taxation of Virtual Digital Assets (VDAs): The Income Tax Bill, 2025, builds upon the Finance Act of 2022 to establish a clear tax framework for VDAs, which include cryptocurrencies and Non-Fungible