India is preparing to release a long-awaited cryptocurrency policy paper in June 2025, following strong criticism from the Supreme Court over its failure to regulate the digital asset sector.
Despite imposing a 30% tax on crypto earnings, the government has yet to introduce a clear regulatory framework.
Supreme Court Justice Surya Kant called out this contradiction, warning that cryptocurrencies are fueling a “parallel economy” that could undermine India’s financial stability.
He urged the government to match its taxation policy with appropriate regulation. In response, the government is drafting a discussion paper aimed at outlining a path for crypto regulation.
This signals a potential shift toward more structured oversight, as India begins to recognize the rising influence of digital assets. The move could also help the country align with global crypto regulatory standards.
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