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ASIA-PACIFIC · JURISDICTION PROFILE
India
Developing
Travel Rule: None
FrameworkTaxation + AML (no bespoke regime)
Travel RuleNone
FATF statusNot listed
Overview
India has not enacted a dedicated crypto-asset law. Virtual digital assets are taxed and were brought within the Prevention of Money Laundering Act (PMLA) in 2023, requiring service providers to register with the FIU and apply AML controls, while the RBI remains cautious and SEBI covers securities aspects.
Regulatory framework
Taxation of virtual digital assets and AML/PMLA obligations apply; no bespoke licensing regime yet.
Licensing & authorisation
Service providers register with the FIU-India as reporting entities; there is no crypto-specific licence.
AML & Travel Rule
PMLA AML obligations apply to VDA service providers.
Track developments
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