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India Crypto Regulation Debate Deepens After FIU, CBDT Review

India Crypto Regulation Debate Deepens After FIU, CBDT Review

Author:

Global Cryptocurrency

Published:

2026-01-08 11:40:01

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BTCCSquare news:

India's cryptocurrency landscape faces renewed scrutiny as financial agencies present regulatory concerns to Parliament. The absence of comprehensive legislation contrasts sharply with existing taxation policies, creating urgency for legal clarity.

A parliamentary panel convened for three hours on January 7, 2026, marking the third such discussion on VIRTUAL Digital Assets (VDAs). Officials from FIU-IND and CBDT outlined enforcement mechanisms against crypto-linked fraud and overseas asset concealment, though regulatory frameworks remain embryonic.

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