Newsisland
New Delhi: India’s taxation framework for virtual digital assets (VDAs) was introduced to improve transaction transparency and ensure that crypto-related income contributes to the tax base. Section 393(1) of the Income-tax Act, 2025, mandates 1% tax deducted at source (TDS) on consideration paid for the transfer of VDAs, subject to…
Bharat Web3 Association has launched an independent self-regulatory body to promote compliance, consumer protection and transparency in India’s VDA sector NEW DELHI: The Bharat Web3 Association (BWA) has launched an independent Self-Regulatory Body (SRB) to promote governance, transparency and compliance across India’s virtual digital asset (VDA) sector. The new body…
New Delhi: India runs a crypto market under two sets of rules. An exchange based in India registers with the Financial Intelligence Unit, verifies every user, keeps records under the money laundering law, deducts 1 percent Tax deducted at source (TDS) on every transfer and reports it. A platform based…
New Delhi: India has taken a careful approach to virtual digital assets (VDAs). Recently, RBI Governor Sanjay Malhotra reiterated that India remains cautious about VDAs while supporting technologies such as distributed ledgers and tokenisation. He also stressed the importance of preserving trust, financial integrity and effective oversight as new technologies…
New Delhi: Every year, gold worth trillions of rupees sits locked away in Indian homes and temples, doing little beyond remaining stored. Alongside it, hundreds of millions of tonnes of wheat, cotton and metal move through markets that are large but still operate largely on paper. This gap between India’s…
New Delhi: Last week, the Parliamentary Standing Committee on Finance released its 36th Report on the proposed Securities Market Code Bill, 2025. The Securities Market Code proposes to establish a single rulebook for India’s securities market by replacing the three key laws that currently govern Indian securities. While the Committee’s…
New Delhi: The Parliamentary Standing Committee on Finance’s recommendations on the Securities Markets Code, 2025 represent an important milestone in India’s evolving approach to the regulation of virtual digital assets. By recommending that the Government comprehensively examine the need for a statutory and regulatory framework for the sector, while also…
Authored by : Dilip ChenoyChairperson, Bharat Web3 Association New Delhi: The Parliamentary Standing Committee on Finance’s recommendations on the Securities Markets Code, 2025 represent an important milestone in India’s evolving approach to the regulation of virtual digital assets. By recommending that the Government comprehensively examine the need for a statutory…
New Delhi: Most financial transactions today involve an intermediary such as a bank or broker that helps track where money comes from and where it goes. Traditionally, this system has made sure that financial activity can be monitored and verified. But imagine a financial service that does not need a…
India relationship with virtual digital assets (VDAs) presents a clear paradox. On one hand, the country continues to lead globally in grassroots crypto adoption. For the third consecutive year, India secured the top position in the Geography of Cryptocurrency rankings published by Chainalysis. This widely cited industry assessment has influenced…
