1. India’s Crypto Policy: Discussion Paper Planned for June 2025
- India was set to release a discussion paper in June 2025 on regulating crypto assets and virtual digital assets.
- The paper will draw on the IMF-FSB synthesis paper and practices of major jurisdictions.
- Budget FY23 imposed a 30% tax on crypto gains without granting legal validity; exchanges must register with FIU.
- The RBI flags money laundering and terror financing risks and backs its CBDC.