Published Online:April 2025
Product Name:The IUP Journal of Law Review
Product Type:Article
Product Code:IJLR050225
DOI:10.71329/IUPLR/2025.15.2.45-56
Author Name:Sridevi D Shet
Availability:YES
Subject/Domain:Law
Download Format:PDF
Pages:45-56
The evolution of cryptocurrency regulations in India has been marked by substantial legal uncertainties and regulatory challenges. The Indian government has positively adjusted its legal framework to adapt to the developing cryptocurrency marketplace. After first cautioning users, the Reserve Bank of India (RBI) in 2018 imposed restrictions on banks dealing with cryptocurrency transactions. This stirred up a legal case in the Supreme Court, which eventually lifted the restrictions. Since then, various regulatory measures have been introduced by the Indian government, which include tax, money laundering, and counterterrorism financing laws. This paper examines the trajectory of cryptocurrency regulations in India, analyzing key legislative developments, judicial interventions, and policy proposals.
Blockchain-based cryptocurrencies represent a groundbreaking innovation in the financial sector and have increasingly drawn the attention of global investors, central banks, and policymakers. India, with its thriving fintech industry and a tech-savvy population, is at the forefront of cryptocurrency revolution.