Currently, cryptocurrency space is changing rapidly in India, which can become a big news for the country’s crypto users. Over the years, many strict rules were implemented on cryptocurrency in India, due to which many foreign crypto exchanges had to go out of the Indian market. However, recently there have been some changes that indicate that foreign crypto exchanges may return again in India. These signs also indicate a gesture that soon from the Government of India Cryptocurrency Any big news related to it is going to be revealed.
Changing perspective of crypto regulation in India
In 2022, the Government of India implemented 30% tax on Crypto and 1% TDS (Tax deducted at Supply). This distanced small and institutional investors from India’s crypto market. As a result, India’s large crypto exchange such as Wazirx’s business declined by 90% and had to shift some part of his operations to Dubai.
But, now there are indications of change in the policy of the Government of India. Recently, India’s Economic Affairs Secretary Ajay Seth said in a meeting that the government had prepared a discussion paper on crypto regulation, but now it needs to be rebuilt according to new changes. This statement indicates potential flexibility in Crypto Coverage in India.
Foreign exchanges are also giving a big sign of return to India
Along with the changing crypto atmosphere in India, the news of the return of foreign crypto exchanges has also started coming. Where in March 2025, Coinbase registered in India’s Monetary Insigt Unit (FIU), which indicates that soon Coinbase returns to India It will be and after 2 years, the exchange will again start its service in India. Apart from this, foreign exchanges like Binance, bybit and Kucoin have also registered with FIU to provide their services in India. This indication indicates a more favorable policy for Crypto in India. Along with this, the hope also increases that the Government of India can soon release any new updates related to crypto.
Conclusion
Return of foreign crypto exchanges in India may potentially begin a new crypto revolution. The Indian crypto market can be seen again by showing flexibility in crypto regulation by the government and re -entry of foreign exchanges. However, to implement this change properly, the government will have to ensure that the market remains stable and investors get security.
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