Can Parliamentary Panel’s Latest Recommendations Break Crypto Policy Deadlock?

For years, India’s approach towards cryptocurrencies has largely revolved around taxation, anti-money laundering (AML) compliance and transaction reporting, while a comprehensive regulatory framework has remained elusive. Now, the Parliamentary Standing Committee on Finance’s recommendations on the proposed Securities Markets Code, 2025, have reignited hopes within the crypto industry that the policy conversation may finally be moving beyond taxing crypto transactions towards regulating the mark