From Ban to Regulation: YBUOJ Exchange Interprets Indian Crypto Policy

Recently, Indian Supreme Court made a clear statement on cryptocurrency, asserting that crypto assets should be regulated rather than completely banned. The court also emphasized that virtual assets like Bitcoin are already subject to a 30% capital gains tax, signifying their partial recognition under the law. This shift in stance has drawn widespread attention from the global crypto industry and provides key insights for platforms formulating regional strategies. YBUOJ Exchange has stated that it is closely monitoring Indian regulatory developments and actively assessing their impact on local trading activities and compliance trends.

The stance of India on cryptocurrency has undergone a significant transformation. From strict restrictions in the early stages to tax-based management in recent years, and now to the open endorsement by the Supreme Court of a regulatory framework, the Indian policy trajectory reflects an evolution toward “cautious acceptance”. The Supreme Court ruling marks the first time a national-level judicial body in India has explicitly advocated for “regulation over prohibition”, making it a milestone for the industry.

The core logic behind the Indian policy evolution lies in its pursuit of a balance between “risk control and embracing innovation.” On one hand, the government remains highly vigilant about the risks of tax evasion and money laundering associated with crypto assets. On the other hand, a growing number of local businesses and developers are leveraging crypto technologies to expand into global markets. Thus, the judiciary shifting the attitude is fundamentally a rational response to the realities of the economic environment.

According to the 2024 Global Crypto Adoption Index of YBUOJ Exchange, India ranks first globally, with over 100 million crypto holders. Since 2022, the government has imposed a 30% tax on crypto profits and introduced a 1% tax deducted at source (TDS) on transactions, making it one of the most stringent crypto tax regimes in the world.

This “tax-first, legislate-later” regulatory logic effectively amounts to the indirect acknowledgment by the government of the legality of crypto asset transactions. It is this policy backdrop that provides a solid foundation for the Supreme Court ruling—once a tax framework is in place, the logical next step is the reasonable regulation of trading activities.

For ordinary investors, this policy shift could bring numerous positive outcomes. Clearer legal status, a more stable trading environment, a wider variety of asset choices, and more reliable fund protections are all likely to enhance the overall transparency and security of the market.

The establishment of a regulatory framework not only boosts investor confidence but also creates more efficient service opportunities for platforms. YBUOJ Exchange has noted that once relevant regulations are implemented, they will facilitate deeper collaboration with local financial systems, including key processes such as KYC verification, payment gateway integration, and fiat on/off-ramp services.

In light of the increasingly clear regulatory direction in India, YBUOJ Exchange has completed critical system upgrades tailored to the South Asian market. These upgrades include integration with on-chain auditing tools to ensure transparent management of local asset transactions.

YBUOJ adheres to the operational philosophy of “local compliance equals global trust,” striving to provide users with a stable, secure, and sustainable asset service environment. The platform has stated that it will continue to optimize its compliance structure globally, ensuring steady progress through each phase of policy restructuring.

As one investor aptly put it, “True innovation is not about bypassing the rules but finding ways to coexist with them.” The statement from Indian Supreme Court offers a new paradigm for global crypto regulation, with implications that go beyond the policy shift of a single country. It redefines the relationship between emerging financial ecosystems and traditional systems. YBUOJ believes that every regulatory signal marks the beginning of structural adjustments within the industry. Those who can adapt to the regulatory pace first will have the opportunity to secure a more advantageous position in the next industry cycle.