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Parliament Panel Recommends Dedicated Crypto Regulator Weeks After RBI Warning

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A parliamentary panel in India has proposed the creation of a dedicated regulatory body to oversee cryptocurrency activities in the country. The recommendation follows concerns raised by the Reserve Bank of India about the risks associated with digital assets. Currently, cryptocurrencies in India are subject to taxation, and crypto exchanges are required to share transaction data with anti-money laundering authorities. The proposal signals a growing push for a formal oversight framework as digital asset activity continues to expand in the country.

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Parliament Panel Recommends Dedicated Crypto Regulator Weeks After RBI Warning · ShortSingh