India Moves Towards Regulatory Clarity on Virtual Digital Assets

India has taken a major step in its approach to regulating virtual digital assets by convening the Standing Committee on Finance to discuss the subject.

The meeting, held on May 20 at Parliament House Annexe in New Delhi, marked one of the most formal engagements between India's legislative apparatus and the global crypto industry.

Representatives from leading exchanges ZebPay, Binance, and WazirX provided oral evidence to the committee, highlighting the need for regulatory clarity and structured engagement.

The hearing is seen as a significant step towards creating a favorable environment for the growth of digital assets in India.