India's approach to cryptocurrency has been characterized by significant debate and regulatory flux. While not officially recognized as legal tender, the Supreme Court's overturning of a previous banking ban in 2020 opened the doors for trading and investment. This has led to a unique environment where crypto activities are permissible and subject to a 30% tax on gains, alongside a 1% TDS (Tax Deducted at Source), despite a lack of comprehensive legislation definitively classifying digital assets. Unlike jurisdictions with established frameworks for Cryptocurrency Licensing, India's regulatory stance is still evolving, which presents both opportunities and challenges for investors and businesses, who must navigate a complex landscape without a clear overarching framework. Staying updated on policy developments and seeking expert advice remains crucial.