Cryptocurrency regulations in India in 2025

In 2025, India's cryptocurrency market will face cautious regulation, with the number of users exceeding 107 million. The 30% earnings tax and 1% withholding tax remain unchanged, while the Securities and Exchange Commission of India (SEBI) regulates securities tokens. Bybit imposes a 18% GST tax on transactions, and the exchange must report in accordance with anti-money laundering regulations. The Indian government is seeking public comment on the regulatory framework ahead of the Financial Stability Board (FSB) review in October.