New Delhi, Dec. 22 -- The Parliament Standing Committee on Finance has, on January 8, invited representatives of the Financial Intelligence Unit - India (FIU-IND) and the Central Board of Direct Taxes (CBDT), both under the Ministry of Finance (Department of Revenue), for oral evidence on the subject "A Study on Virtual Digital Assets (VDAs) and Way Forward," as listed on the Parliament panel's website.
This study focuses on Virtual Digital Assets-such as crypto currencies (Bitcoin, Ethereum), Non-Fungible Tokens (NFTs), tokenized assets, and gaming tokens-which constitute a rapidly expanding sector in India's digital economy. Despite significant investor interest and economic potential, the regulatory framework for VDAs remains incomplete...