India is talking to cryptocurrency exchanges to assess evolving ‍trading activity as it seeks oversight over newer ​crypto products, according to a top tax ‌official.

India does not regulate ​cryptocurrencies, but global crypto exchanges such as Binance, CoinDCX, Coinbase, and Zebpay operate in the country after registering with a government agency.

Asia’s third-largest economy has imposed punitive taxes on gains from cryptocurrencies and ​the local central bank…