On September 8, 2025, the Lok Sabha's Finance Committee will hold an important meeting regarding virtual digital assets, including a briefing with the Ministry of Finance.
Date and Location of the Meeting
The meeting will take place in Committee Room ‘1’ at the Extension Parliament House Annexe, starting at 11 am. According to Bharti Sanjeev Tuteja, Director of the Finance Committee, the agenda will include a briefing by representatives of the Ministry of Finance.
Steps Towards Cryptocurrency Regulation
Government attention towards cryptocurrency regulation is intensifying. India plans to implement the Crypto-Asset Reporting Framework (CARF) starting April 1, 2027, necessitating the reporting of offshore cryptocurrency holdings for tax purposes.
Significance of the Discussion for Indian Crypto Market
The upcoming meeting is crucial as cryptocurrencies in India have previously been in a gray area. This discussion is expected to clarify the government's plans regarding digital assets and their integration into the country's financial system.
The Finance Committee meeting marks a significant step towards establishing a clear regulatory environment for digital assets in India, which could positively impact the market and its participants.
