BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

India Signals No Fixed Timeline for Crypto Rules, Calls for Global Alliance

by Dan K
Dec 17, 2024 - 6:28 pm
in Blockchain
A view of Indian Parliament during a session on cryptocurrency regulations.

India Gives Signal of No Fixed Timeline for Crypto Rules, Calls for Global Alliance

The Indian government last week clarified before the Lok Sabha that it has no fixed timeline for the rollout of comprehensive VDA regulations. Responding to questions by Members of Parliament, the Government of India reiterated that by design, VDAs are borderless, hence their effective regulation and monitoring require cooperation at the international level to avoid regulatory arbitrage.

The Push for Global Coordination

India’s view epitomizes the challenges related to the regulation of crypto assets in a silo. As the G20 President, India emphasized the necessity of the G20 Roadmap on Crypto Assets to ensure that risk-sensitive regulatory frameworks have been instituted across jurisdictions. The government said consultation with industry stakeholders and international organizations has been ongoing, informally and formally. Cohesive, cross-border regulation remains necessary to bring about effective solutions to VDA complexities.

Existing Measures and Sector Challenges

While a structured regulatory framework is pending, Them has already taken steps to address immediate concerns. Income derived from VDA is taxed, and since March 2023, crypto transactions fall under the Prevention of Money Laundering Act. These measures aim to enhance oversight and transparency in the sector.

Despite these efforts, the challenges persist. The fast adoption of digital assets in India has resulted in growing risks as well. High-profile scams such as Andhra Pradesh fraud reveal how vulnerable the market is. In this regard, it was a case where investors were lured into promises of exaggerated returns, with wrong affiliations of reputed exchanges, which indicated the pressing need for far stronger mechanisms for investor protection.

Balancing Innovation and Financial Stability

The Indian government has to tread a tightrope between promoting innovation and economic growth on one hand, and financial stability and investor protection on the other. Without international cooperation, no national policy can effectively oversee and regulate borderless digital assets. This explains why them continued to push for international cooperation towards developing harmonized regulatory standards.

Future Outlook

While the absence of a clear-cut regulatory timeline keeps stakeholders in a state of uncertainty, India is committed to developing policies rooted in national interest while keeping in mind global consensus. The emphasis on collaborative approaches underlines India’s evolving role in shaping international VDA regulation.

As the crypto industry grows, India’s leadership on global platforms like the G20 will be instrumental in creating a harmonized framework. Such efforts can foster sustainable growth, safeguard investors, and prevent misuse of digital assets in a rapidly evolving digital economy.

Tags: BlockchainIndiaRegulation
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Arthur Hayes speaking about Bitcoin as Japan’s new Prime Minister announces economic stimulus measures

Arthur Hayes Predicts $1M Bitcoin as Japan’s New PM Unveils Economic Stimulus

October 22, 2025

Arthur Hayes predicts Bitcoin could hit $1M as Japan’s new PM Sanae Takaichi launches economic stimulus, signaling potential...

blockchain

Bolivia’s President-Elect Rodrigo Paz Turns to Blockchain to Fight Corruption

October 20, 2025

Bolivia’s new president Rodrigo Paz plans to use blockchain in public procurement and crypto asset declarations as part...

Metaplanet and Bitcoin Magazine logos, symbolizing their new partnership to expand operations in Japan.

Japan Moves Toward Allowing Banks to Buy Bitcoin Under New Regulatory Framework

October 19, 2025

Japan’s regulators are reviewing changes that could let banks buy and hold Bitcoin, signaling a major shift in...

24H HOLD token price chart showing 35% surge despite market pullback

Crypto markets surge as Trump confirms October 31 summit with Xi Jinping

October 19, 2025

Crypto markets rebound after Trump confirms October 31 summit with Xi Jinping, easing US-China tensions and sparking optimism...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service