India is emerging as a key player in shaping global cryptocurrency regulations. Binance, one of the world’s largest cryptocurrency exchanges, recently registered with India’s Financial Intelligence Unit (FIU-IND) and expressed optimism about the country’s regulatory advancements. According to Vishal Sacheendran, Binance’s Head of Regional Markets, India’s efforts to build trust, foster innovation, and expand blockchain use position it to take the lead in global crypto regulation by 2025.

Sacheendran emphasized that Binance is aligning its operations with India’s evolving regulatory landscape, demonstrating its commitment to providing secure and compliant crypto services. He also highlighted the broader vision of using crypto to create a decentralized digital ecosystem that drives innovation and inclusivity.
<h2>India’s Shift Toward Balanced Regulations</h2>
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</b>India’s journey in <a href="https://www.cryptoknowmics.com/news/secs-hester-peirce-calls-for-fair-crypto-regulations-amid-crackdown/">crypto regulation</a> has seen a significant transformation. Initially, a 2019 draft bill proposed a complete ban on cryptocurrencies, but it was never tabled in Parliament. Over the years, global trends and institutional adoption have influenced India to adopt a more balanced approach.

In a recent Parliament session, Finance Minister Nirmala Sitharaman noted that the Reserve Bank of India (RBI) has recommended regulating cryptocurrencies but emphasized that any bans would require global collaboration.

Despite these advancements, stringent taxes on virtual assets, including a 30% tax on crypto profits and a 1% TDS, have impacted trading activity on Indian exchanges. However, India’s proactive steps in regulation and innovation continue to strengthen its position in the global crypto ecosystem.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

India Positioned to Lead Global Crypto Regulation by 2025

India’s progressive crypto regulations and Binance’s support position the nation as a global leader in cryptocurrency frameworks by 2025.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

India Positioned to Lead Global Crypto Regulation by 2025

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