Read About Current Crypto Regulation Advancement!

India was said to have a “robust” digital assets regulatory regime. The IAMAI called on the Indian Government on Wednesday not to ban cryptocurrencies. The IAMAI appeal was made. 

The IAMAI proposes to the government that “solid mechanisms” be implemented to regulate cryptocurrency, because, according to the Hindu Business Line report, the country could see significant advantages from digital assets like job creation. 

“Given the scale and diversity, the good governance and regulation of the cryptocurrency ecosystem in India is critical and will give impetus to the government of India’s Digital India vision,” said the IAMAI.

The Indian government plans to include a bill in the ongoing budget session of the Parliament prohibiting “private cryptocurrencies,” but it does not know the scope of the bill. 

The Indian Minister, Anurag Thakur, said on Friday that before deciding on their legality the government needs to investigate risks to national security posed by virtual currencies. IAMAI previously contributed to the successful challenge of banking for crypto companies overturned in March last year by the central bank.

Read more on the Indian Government response to cryptocurrency!

IAMAI Further Adds about Crypto Regulation

IAMI

As per IAMAI, more than 10 million crypto-owners hold crypto assets worth over USD 1 billion, more than 300 start-ups create tens of thousands of employees and hundreds of millions of dollars in income and taxes. 

“There’s a daily trading volume of USD 350 million – USD 500 million,” it added. The ban on crypto-monetary systems is expected to be “adverse” and leads to a loss of investment and hit 10 million Indian crypto clients, he said.

“Hence, we are urging the government to define the cryptocurrency regulation framework after due consultation with IAMAI and stakeholders such as India crypto-asset user groups and the exchanges that facilitate buying and selling,” IAMAI said.

Earlier in the month, Minister of Finance Nirmala Sitharaman said the government still formulates and will take a calibrated position on cryptocurrencies. With the development of India’s CBDC, the regulatory framework can also define a bridge from the forex point of view between the proposed digital Rupee and public blockchains.

Read more on Bitcoin‌ ‌vs‌ ‌CBDC:‌ ‌India’s‌ ‌growing‌ ‌need‌ ‌for‌ ‌Both

IAMAI said India needs “smart, robust, and pragmatic crypto-regulation,” which can contribute and lead to the financial revolution.

  • BYDFi Overview: A Clean and Beginner-Friendly Crypto Platform
    Cryptocurrency trading has moved from being a niche activity to a global financial trend. Every day, thousands of new users enter the crypto market hoping to invest, trade, and grow their digital assets. However, many beginners struggle with complex trading interfaces and advanced tools that are difficult to understand. BYDFi solves this problem by offering…
  • Top 3 Bitcoin Apps for European Investors [2026]
    Discover the top three market-leading Bitcoin apps for European investors, with a clear look at self-custody, recurring purchases, and payment methods. Bitcoin apps have become a core entry point for European investors looking to buy and accumulate bitcoin without relying on traditional exchanges. While many platforms bundle bitcoin alongside stocks, ETFs and altcoins, a growing…
  • The Vibeboard Effect: Mood-Based Posters That Shift Aesthetics Based On Themes
    Some posters don’t just look a certain way-they feel a certain way. Designers today aren’t obsessing over matching fonts or colors but matching vibes: cozy, chaotic, dreamy, futuristic, nostalgic, hyper-sleek-every mood becomes a design direction. And with Dreamina, along with the aid of an AI image generator, the ability to experiment with “vibeboards” means aesthetics…
  • Top 7 Bitcoin Consulting Companies, Reviewed for 2026
    Bitcoin consulting has evolved into a specialized field as more people acquire bitcoin and choose to take control of their digital wealth rather than relying on others to store it for them.  Read on to discover seven market-leading Bitcoin consulting companies you can consider contacting so that you get step-by-step guidance on how to secure…
  • What Is a Declaration of Trust and When Should You Use One?
    In 2022, reports say that about 35% of Australian households are co-owning homes with a mortgage, plus 31% own them outright. This means about two-thirds of total homeownership, but they’re often without clear agreements. That leaves major risks unaddressed. If you’re buying with another person or investing via an SMSF (self-managed super fund), a Declaration…