Crypto Rules and Regulations in India — What You Need to Know in 2025

India’s relationship with cryptocurrency has been a rollercoaster ride over the last few years.

From banking bans and Supreme Court battles to heavy taxation and regulatory crackdowns, the industry has seen constant twists and turns.

As we step into 2025, crypto in India is not banned, but it is highly regulated.

Here’s the latest snapshot of how the law treats digital assets today.

 Crypto is Not Legal Tender (But Not Illegal Either)

The government has made it clear that Bitcoin, Ethereum, or any other private cryptocurrency is not legal tender in India.

You can hold, trade, or transfer crypto, but you can’t use it to pay for everyday goods and services like the rupee.

The Reserve Bank of India (RBI) remains openly sceptical, citing risks to financial stability.

Instead, it’s pushing its own Digital Rupee (CBDC), which is gradually rolling out across banks and retailers.

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