India’s crypto industry is preparing for a major policy meeting on May 20, 2026. The Parliamentary Standing Committee on Finance will discuss Virtual Digital Assets (VDAs) at the Parliament House Annexe in New Delhi.
This meeting is considered an important move in India’s efforts to understand and manage the expanding digital asset market.
The committee, led by BJP MP Bhartruhari Mahtab, will focus on the topic “A Study on Virtual Digital Assets (VDAs) and Way Forward.” In the first session, representatives from major crypto exchanges Binance, WazirX, and ZebPay will meet with lawmakers.
The first session, from 11 AM to 12:30 PM IST, will look at how crypto exchanges operate and follow regulations. Members of the parliament will ask exchange representatives about possible measures to prevent money laundering, verify customer identities and protect consumers.
The second session will be from 12:30 PM to 1:30 PM IST. It will involve the International Financial Services Centre Authority (IFSCA), which oversees financial activities in GIFT City.
Officials from the Ministry of Finance’s Department of Revenue and the Ministry of Corporate Affairs will participate in the final session starting at 2 PM.
The committee is expected to consider several key topics about India’s crypto sector. These include crypto taxes, investor protection, preventing money laundering, verifying customer identities, consumer safety, the need for clear rules, and how current tax laws impact trading.
The committee’s findings and recommendations are likely to shape how the government regulates VDAs.
Today, India remains one of the world’s largest crypto markets. The country has ranked first for three years in a row as per Chainalysis’ Global Crypto Adoption Index. This indicates that there is a strong participation from retail users in the sector.
The crypto industry is keenly watching the May 20 parliamentary talks, as they could shape the future of digital asset regulations in India. Many experts think these sessions could help policymakers move beyond taxes and start making clearer and fairer crypto rules.
With India’s crypto user base expected to reach over 119 million in 2025, there is growing pressure on lawmakers and regulators to create comprehensive rules, not just focus on taxes. The May 20 parliamentary sessions could be the most significant step yet in that direction.
HUGE: India’s Parliamentary Finance Panel will meet crypto giants Binance, WazirX, and ZebPay tomorrow to discuss the future of crypto regulation in the country 🇮🇳
A major moment for India’s digital asset industry as policymakers and exchanges sit at the same table.#crypto… pic.twitter.com/xvk7391ePy
— 3.0 TV (3verseTV) (@reallive3tv) May 19, 2026
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