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Indian Finance Minister Proposes Tighter Regulations on Digital Currency in the 2025 Budget
Indian Finance Minister Nirmala Sitharaman has proposed amending the country's tax laws to enhance monitoring of cryptocurrency transactions. In her speech on the Union Budget 2025, she emphasized the need to categorize undisclosed income from digital assets, signaling stricter regulations on virtual digital assets (VDA). This initiative aims to promote compliance requirements for cryptocurrency businesses and traders while maintaining tax regulations.