Global #India

India’s approach to cryptocurrency remains complex and cautious. While the government hasn’t outlawed digital assets, its regulatory posture includes some of the harshest tax rules in the world—creating a stifling environment for both investors and exchanges.

Jio Platforms, a leading digital services provider in India, has entered into a strategic partnership with Polygon, a leading blockchain platform.

​Despite the imposition of significant taxes on cryptocurrency transactions in India, the country's crypto community continues to flourish.

Governments worldwide are increasingly turning their attention to the cryptocurrency industry, with a particular focus on tax transparency and cross-border payments.

As the digital rupee, India's Central Bank Digital Currency (CBDC), enters its second year of pilot testing, regulators are expressing growing concern over the risks associated with private cryptocurrencies.

India has recently claimed the top spot in global cryptocurrency adoption, surpassing traditional crypto hubs and demonstrating resilience despite a stringent regulatory environment.