India Diramal Jadi Pemimpin Industri Kripto Global Pada 2025

Binance said India will play an important role in the crypto industry next year. (Photo; Doc. Cryptopolitan)

JAKARTA - The world's largest crypto exchange, Binance, assesses India has a bright future, especially in the crypto sector. India is predicted to have an important role in global crypto regulation by 2025.

Binance's belief comes after India demonstrated its commitment to creating a framework that supports the trust, innovation, and wider use of blockchain technology.

Vishal Sacheendran, Head of the Regional Market in Binance, said that India has great potential to take the lead in crypto industry regulations. According to him, this achievement will accelerate the growth of the crypto sector globally.

In addition, the decision to register Binance at India's Financial Intelligence Unit (FIU-IND) strengthens the company's commitment to providing secure and legal crypto services in the country.

This development comes amid rising crypto adoption in India, with Bitcoin hitting a record high of 108,000 US dollars (approximately IDR 1.75 billion) by 2024. While India once intended to ban crypto use through a draft law in 2019, the plan was not passed, and over time, the government's stance became more flexible following global developments.

At the latest Parliament session, India's Minister of Finance, Nirmala Sitharaman, revealed that the Central Bank of India (RBI) has provided recommendations to the government to formulate clearer rules regarding crypto. However, the Indian government argues that implementing a ban on crypto requires international cooperation.

In addition, the Indian government has also started taxing on profits from crypto assets. Since April 1, 2024, a tax of 30% is applied to profits from cryptocurrencies, coupled with a discounted tax of 1% which came into effect on July 1.

This move has an impact on declining trading volume on India's crypto exchanges, although it still shows great market potential in the future. By finalizing crypto regulations, India is expected to become the main center of innovation and development of the crypto industry in Asia, even the world.