Virtual digital assets refer to online resources that hold value. They include cryptocurrencies, digital tokens, and virtual goods. These assets can be traded or used for transactions. Their legal status varies across jurisdictions. In India, regulations are evolving. The government is assessing their impact on the economy and taxation. Understanding these assets is crucial for investors and policymakers alike.
India’s approach to regulating cryptocurrencies has taken another incremental but significant step. On January 8, the Financial Intelligence Unit–India (FIU-IND) updated its AML and CFT guidelines for entities...
