India Sets September 16 Hearing for Crypto Regulatory Framework

The Indian Parliamentary Standing Committee on Finance has scheduled a hearing for September 16, where the Department of Economic Affairs will testify on virtual digital assets. While cryptocurrency is not legal tender in India, it remains legal, with investment gains taxed at a flat 30% rate alongside a 1% tax deducted at source. As of mid-2026, 54 virtual digital asset service providers, including Binance, Coinbase, CoinDCX, and CoinSwitch, are registered with the Financial Intelligence Unit.