2024

Bank

Bitcoin

April

<p><a href="https://coinpedia.org/exchange/binance-review/" rel="noopener noreferrer nofollow">Binance, one of the world’s largest cryptocurrency exchanges</a>, is confident that India will become a global leader in crypto regulation by 2025. After recently registering with India’s Financial Intelligence Unit (FIU-IND), Binance believes the country’s efforts to create clear frameworks will build trust, drive innovation, and boost <a href="https://coinpedia.org/news/global-crypto-adoption-index-2024-india-and-caso-nations-outshine-the-world/" rel="noopener noreferrer nofollow">blockchain adoption</a>.</p><h2 class="wp-block-heading" id="h-india-s-growing-role-in-crypto-regulation">India’s Growing Role in Crypto Regulation</h2><p>India’s influence in the cryptocurrency world has been rising, especially after a breakthrough year in 2024. The year saw significant growth in crypto adoption and institutional interest, with Bitcoin reaching a <a href="https://coinpedia.org/news/bitcoin-hits-108k-for-the-first-time-in-history/" rel="noopener noreferrer nofollow">record high of $108,000.</a></p><p>A key moment came when the U.S. approved spot Bitcoin and Ether exchange-traded funds (ETFs), reshaping the global crypto market. Vishal Sacheendran, Binance’s Head of Regional Markets, predicts India will take the lead in setting global crypto regulations. He believes India’s efforts will strengthen trust and support the industry’s growth.</p><h2 class="wp-block-heading" id="h-binance-expands-its-focus-on-india">Binance Expands Its Focus on India</h2><p>Sacheendran also highlighted <a href="https://coinpedia.org/news/binance-helps-india-uncover-47-6-million-fiewin-gaming-scam-four-arrested/" rel="noopener noreferrer nofollow">Binance’s efforts to keep</a> up with India’s changing rules. The company has been working to grow its presence in the country, showing its commitment to offering safe and legal crypto services.</p><p>He also pointed out that the future of cryptocurrency extends beyond trading, focusing on creating a decentralized digital ecosystem that benefits everyone.</p> [post_titles_links postid="398468"] <h2 class="wp-block-heading" id="h-india-s-outlook-towards-crypto-is-changing">India’s Outlook Towards Crypto is Changing</h2><p>India’s journey toward crypto regulation began in 2019 with a draft bill proposing a complete ban on cryptocurrencies. However, this bill was never presented in Parliament, and over time, India's approach became less strict, influenced by global trends.</p><p>During a recent <a href="https://coinpedia.org/news/breaking-news-indias-parliament-discusses-comprehensive-crypto-framework/" rel="noopener noreferrer nofollow">parliamentary session</a>, Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) had advised the government to create <a href="https://coinpedia.org/cryptocurrency-regulation/cryptocurrency-regulations-in-india/" rel="noopener noreferrer nofollow">crypto regulations</a>. However, she noted that any ban on cryptocurrencies would require global cooperation.</p><p>As part of its regulatory efforts, India introduced taxes on virtual assets. A 30% tax on crypto profits came into effect on April 1, followed by a 1% tax deducted at source (TDS) on transactions from July 1. These measures have significantly reduced trading activity on Indian crypto exchanges.</p><p><strong>India’s growing role in crypto regulation is attracting global attention. With major players like Binance betting on its leadership, the next few years could be revolutionary!</strong></p> [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]

India to Lead Global Crypto Regulation by 2025, Predicts Binance

Table of Contents

CoinPedia News

Other articles published on Dec 27, 2024

SuperEx丨Only 4 days left until 2025: Gains and Losses in the 2024 Cryptocurrency Market

TON Ecosystem Expands with Stablecoins, DEX Growth in 2024

Bitget announces token merger, BGB price increases amid market-wide declines

Africa loses $1.6bn daily to illegal cross-border financial flows – AfDB

Top Coins To Join for Short Term: 6 Coins To Watch for Life-Changing ROI in 2025

Bonk Price Drops 7% Even After The BURNmas Removes $51 Million Worth Of Tokens From Circulation

Join our free newsletter for daily crypto updates!