India continues a “regulated but not banned” approach towards crypto in 2025. Cryptocurrencies are legal to hold, trade, and invest in as virtual digital assets (VDAs), but not recognized as legal tender and cannot be used for everyday payments. Domestic and international exchanges registered with the Financial Intelligence Unit (FIU-IND) are permitted to operate, while all profits are subject to a 30% tax with 1% TDS on transactions, and GST (18%) applies to exchange service fees. The government monitors compliance closely, and new regulatory updates are expected as global standards evolve.