According to @jayantramanand, India is laying groundwork for a real-world-asset-first approach to crypto regulation, referencing remarks tied to Piyush Goyal, which frames policy emphasis toward tokenized real-world assets rather than payment tokens (source: @jayantramanand on X, Oct 7, 2025). According to @jayantramanand, the government-backed digital money angle reflects an archaic view of value transfer and understates crypto’s broader role in communicating value, suggesting a regulatory narrative that distinguishes RWAs from pure digital-cash use cases (source: @jayantramanand on X, Oct 7, 2025). According to @jayantramanand, traders monitoring India should focus on RWA-related themes and tokenized asset infrastructure while awaiting any official confirmation, as the post itself does not cite a formal policy document (source: @jayantramanand on X, Oct 7, 2025).

According to the source, India is advancing the RBI e-rupee (CBDC) pilots in wholesale since 1 Nov 2022 and retail since 1 Dec 2022, with 2024–2025 testing of offline use and programmability indicating continued expansion rather than a nationwide launch, source: Reserve Bank of India press release dated 31 Oct 2022; Reserve Bank of India press release dated 29 Nov 2022; Reserve Bank of India Annual Report 2023–24, Payments and Settlement Systems chapter. RBI leadership continues to state that private cryptocurrencies have no underlying value and pose financial stability risks, source: Reserve Bank of India Monetary Policy Press Conference transcript dated 7 Dec 2022; Reserve Bank of India Financial Stability Report June 2022. For traders, India’s policy settings remain restrictive with a 30% tax on virtual digital asset gains and a 1% TDS on transfers in force, source: Finance Act 2022 Sections 115BBH and 194S; Central Board of Direct Taxes notification dated 21 June 2022. Domestic exchange volumes fell sharply after the 1% TDS took effect, signaling persistent onshore liquidity constraints, source: Esya Centre report titled Impact of 1% TDS on Indian VDA Industry published January 2023. CBDC is legal tender distinct from private crypto and is being explored for features such as programmable G2P payments and offline transactions, which may reshape digital payment rails without altering the current stance on private crypto, source: Reserve Bank of India Concept Note on Central Bank Digital Currency October 2022; Reserve Bank of India Annual Report 2023–24.

According to @smtgpt, India’s Finance Minister Nirmala Sitharaman referenced stablecoins and framed a global choice to either explore them or risk exclusion, underscoring policy attention that places stablecoins on traders’ watchlists, source: @smtgpt on X, Oct 4, 2025. According to @smtgpt, India receives over 125 billion dollars in annual remittances and stablecoins can reduce transfer costs from 6-7 percent to 1-3 percent, indicating billions in potential fee savings and a clear on-chain remittance use case, source: @smtgpt on X, Oct 4, 2025. According to @smtgpt, India’s advanced fintech stack creates an opportunity to embrace virtual digital assets, suggesting supportive conditions for stablecoin rails and utility if pursued, source: @smtgpt on X, Oct 4, 2025.

According to @smtgpt referencing @MohanCRaja’s article in the Indian Express, India can no longer ignore the rapid changes in the regional and global crypto landscape. Recent policy developments in neighboring countries underscore how digital assets have become essential tools in geopolitics, directly impacting cross-border capital flows and regulatory stances. For traders, this signals increased volatility and potential regulatory shifts in India’s crypto market, with heightened interest in major cryptocurrencies and regional digital asset trends. Source: Indian Express, @MohanCRaja via @smtgpt.

According to Crypto Rover, the India Supreme Court has declared that cryptocurrency should be regulated rather than banned, directly impacting crypto traders and investors in the region (source: Crypto Rover on Twitter, May 20, 2025). This legal stance is likely to encourage higher trading volumes for Bitcoin and leading altcoins, as regulatory clarity often attracts institutional and retail participants. The decision aligns India with global crypto policy trends and reduces risk of abrupt market disruptions, which is a bullish signal for both domestic and global crypto markets.

According to Sumit Gupta (CoinDCX), recent statements shared via Twitter underscore India’s ongoing efforts to clarify its cryptocurrency regulatory framework. Gupta points out that the Indian government is actively engaging with industry stakeholders to implement clear tax policies and legal guidelines, which could reduce market uncertainty and positively influence trading volumes and institutional participation. These regulatory advances are likely to attract both local and global crypto investors, increasing liquidity on Indian exchanges and impacting global crypto price movements. Traders should monitor further policy updates as they may create short-term volatility and new entry opportunities in the Indian crypto market (Source: https://twitter.com/smtgpt/status/1920759258485760325).