India’s approach to cryptocurrency regulation is evolving rapidly in 2025. 

While the Reserve Bank of India (RBI) remains skeptical due to financial stability concerns, the government is now considering structured guidelines instead of a ban. As G20 president, India pushed for a globally coordinated crypto policy—leading to recommendations for licensing, anti-money laundering (AML) compliance, and tax transparency. Meanwhile, the Supreme Court has flagged unregulated crypto trading as risky, urging the Centre to act swiftly. Indian crypto firms are demanding tax reform, arguing that the current 30% capital gains tax and 1% TDS are pushing users toward offshore platforms. With India expected to align its crypto laws with Financial Stability Board standards by the end of 2025, a detailed crypto policy paper and possible legislation are anticipated soon. This marks a critical shift from uncertainty to cautious acceptance of digital assets in the Indian economy.