Indian Lawmaker Urges Legal Status For Crypto, Stablecoins To Prevent Them Going Offshore: 'Let Us Not Fear Innovation, Let Us Regulate It'

Indian Lawmaker Urges Legal Status For Crypto, Stablecoins To Prevent Them Going Offshore: 'Let Us Not Fear Innovation, Let Us Regulate It'

Raghav Chadha, a member of India’s upper chamber of Parliament, urged the government to establish a regulatory framework for cryptocurrencies and stablecoins in the country. India's Crypto Policies Under Scanner In a speech in the Parliament on Monday, Chadha highlighted what he viewed as the paradox of taxing cryptocurrency gains at 30% without legal recognition, investor protections, or anti-money laundering frameworks. “India taxes VDAs [virt…

AAP MP Raghav Chadha Urges Centre To Legalise Virtual Digital Assets

MP Raghav Chadha today said India taxes Virtual Digital Assets - which include cryptocurrencies, stablecoins, and tokenised assets - like they are legal but regulates them like they are illegal, urging the government to bring in rules to protect them

Legalise cryptocurrency and stablecoins in India, don't drive investments offshore: Raghav Chadha

Raghav Chadha has called for the legalisation of virtual digital assets in India, highlighting the lack of a regulatory framework that drives investors and companies offshore.

Legalise Virtual Digital Assets: MP Raghav Chadha To Govt

Member of Parliament (MP) and AAP leader Raghav Chadha has urged the Centre to legalise virtual digital assets (VDAs) such as cryptocurrency and stablecoins. Speaking during Budget discussion in the Upper House of Parliament on 9 February, Chadha said that the Union government should take steps to build a compliance framework for VDAs and then heavily regulate the sector.  “ The need of the hour is to build a compliance framework for cryptos and…

India Faces Risk of Losing Its Crypto Economy Without Clear VDA Regulation

A member of India’s upper house of parliament has suggested a new approach to taxing and regulating cryptocurrency. According to the minister, the approach currently used on virtual digital assets is contradictory, because cryptocurrencies are taxed as legitimate financial instruments while they are also regulated as if they are unlawful.Raghav Chadha highlighted that virtual digital assets (VDAs), including cryptocurrencies and stablecoins, are…

Indian MP Raghav Chadha Pushes Crypto & Blockchain Reforms

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