India Crypto Regulation: July 2 Parliamentary Meeting Could Bring New Crypto Rules
Indias Parliamentary Standing Committee on Finance is set to hold a crucial meeting on July 2 to discuss the future of Crypto Regulation in the country. The committee is chaired by BJP MP Bhartruhari Mahtab. It has summoned representatives from the Reserve Bank of India (RBI) and the Institute of Chartered Accountants of India (ICAI) for discussions on “A Study on Virtual Digital Assets (VDAs) and Way Forward.” According to the official schedule, the RBI will appear before the panel from 11:00 AM to 12:30 PM. Then, ICAI will appear from 12:30 PM to 1:30 PM at Parliament House Annexe in New Delhi. Why the July 2 Meeting Matters for Crypto India This marks a major milestone in Parliament‘s ongoing review of India’s crypto ecosystem. Over the past seven sittings, lawmakers have already heard from major exchanges and government agencies. These include Binance, Coinbase, CoinDCX, CoinSwitch, WazirX, the Financial Intelligence Unit (FIU-IND), CBDT, IFSCA and the Ministry of Corporate Affairs. However, this will be the first time the RBI directly presents its views before the committee. The central bank has consistently maintained a cautious stance on cryptocurrencies, warning about risks to financial stability and opposing formal crypto legalization. Committee chairman Mahtab previously revealed that the