Raghav Chadha urges India to legalize and regulate virtual digital assets (crypto, stablecoins) to protect investors and bring ₹15,000–20,000 crore tax revenue onshore.
Aam Aadmi Party (AAP) leader Raghav Chadha has called for the legalization and clear regulation of Virtual Digital Assets (VDAs) such as cryptocurrency and stablecoins in India. Speaking on the rising offshore migration of Indian crypto investors, Chadha emphasized that prohibition is not protection; regulation is the key to fostering innovation while safeguarding investors.
India currently taxes VDAs at a 30% capital gains tax along with 1% TDS, but these assets lack legal recognition, investor protection, and a dedicated anti-money laundering (AML) framework. This inconsistent approach has driven millions of Indian investors and startups to foreign platforms.
According to Raghav Chadha, over 12 crore Indians invest via overseas platforms, and roughly ₹4.8 lakh crore in VDA trading has moved offshore. Around 73% of India’s cryptocurrency trading volume is now on foreign exchanges, and 180 Indian crypto startups have relocated abroad.
Legalise Virtual Digital Assets (like Crypto, Stablecoin) in India. Don’t drive them offshore.
India taxes VDAs (virtual digital asset) like they are legal. But regulate it like they are illegal.
India taxes cryptocurrency at 30% Capital Gain Tax + 1% TDS; yet offers no legal… pic.twitter.com/Y1JXJLBW85— Raghav Chadha (@raghav_chadha) February 10, 2026
also read:- Raghav Chadha Highlights Key Takeaways from Union Budget…
Raghav Chadha stressed that the solution lies in creating a compliant domestic framework. He called for clear asset class recognition for VDAs, a regulatory sandbox with strong AML guardrails, and robust investor protection mechanisms. “A transparent regulatory framework will bring trading back onshore, protect investors, ensure compliance, and could generate an additional ₹15,000–20,000 crore in annual tax revenue for India,” Chadha said.
He further urged policymakers not to fear technological innovation. “Prohibition does not protect investors; it drives activity overseas. Regulation protects people and the economy while promoting innovation,” he added.
Raghav Chadha’s call comes amid increasing global attention on cryptocurrency regulation, with nations like the U.S., U.K., and Singapore offering structured regulatory frameworks to attract investment while ensuring financial security. India, he argues, can achieve the same by striking a balance between innovation, compliance, and investor protection.
As India emerges as a growing hub for blockchain technology, Raghav Chadha’s push for legal and regulated VDAs seeks to ensure that Indian investors and startups no longer lose out to foreign markets while maintaining robust legal safeguards at home.
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