India to Unveil Long-Awaited Crypto Regulation Paper in June

India is finally preparing to take a structured step toward crypto regulation. After years of uncertainty and heavy taxation, the government has announced it will release a crypto regulation discussion paper in June—marking a potential turning point.

The move comes after a strong push from the Supreme Court, which criticized the prolonged regulatory silence and warned that the current legal vacuum invites misuse. The paper is expected to lean on global frameworks by the IMF and Financial Stability Board and may even allow public input.

India’s crypto policy has so far centered around taxation rather than clarity. In 2023, a steep 30% tax on crypto profits drove nearly 90% of Indian trading activity offshore. Industry leaders say this stifles innovation and pushes users to unregulated markets.

Meanwhile, other global powers are acting fast. Donald Trump’s pro-crypto pivot in the U.S. and the EU’s rollout of MiCA regulations are raising the stakes.

As Bitcoin reaches new highs and the global crypto market matures, India’s upcoming policy could define the country’s place in the future of finance. The crypto world will be watching closely.