India’s Crypto Boom Meets Regulatory Confusion

India loves crypto. Indians top the world in crypto use, as per global indexes. Yet, rules are missing. The government warns about ‘stateless’ coins but loves blockchain tech. Crypto faces 30% tax on gains under income tax laws. It’s not banned after a top court ruling. Exchanges must report under money laundering rules. But the central bank still thinks about a full ban to protect money control.

This mix of allow and distrust creates a big gap. Crypto is popular and taxed, but no clear rules match the action. We dive into why regulate crypto, who should do it, how to do it, and what rules fit best.

Why Regulate Crypto? The Dark Side Exposed

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