{"id":40326,"date":"2026-05-21T11:22:35","date_gmt":"2026-05-21T11:22:35","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=40326"},"modified":"2026-05-21T11:22:37","modified_gmt":"2026-05-21T11:22:37","slug":"indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future","title":{"rendered":"India&#8217;s Parliament Calls ZebPay, WazirX &amp; Binance to Discuss Crypto&#8217;s Future\u00a0"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future\/#Why_Is_This_Meeting_Significant\" title=\"Why Is This Meeting Significant?\">Why Is This Meeting Significant?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future\/#What_Comes_Next\" title=\"What Comes Next?\">What Comes Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future\/#Can_I_still_trade_crypto_in_India_legally\" title=\"Can I still trade crypto in India legally?\">Can I still trade crypto in India legally?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future\/#What_happens_if_India_introduces_new_crypto_regulations\" title=\"What happens if India introduces new crypto regulations?\">What happens if India introduces new crypto regulations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/indias-parliament-calls-zebpay-wazirx-binance-to-discuss-cryptos-future\/#What_is_the_Standing_Committee_on_Finances_role_here\" title=\"What is the Standing Committee on Finance&#8217;s role here?\">What is the Standing Committee on Finance&#8217;s role here?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>India&#8217;s Parliament formally consulted Binance, WazirX, and ZebPay on May 20, 2026, marking one of the most significant steps yet toward a structured crypto regulatory framework. The discussions centred on Virtual Digital Assets (VDAs), taxation, investor protection, and the outcome. This could directly affect millions of Indians trading in crypto.<\/p>\n\n\n\n<p>India&#8217;s Standing Committee on Finance held three structured sessions at Parliament House Annexe in New Delhi. The first session, from 11:00 AM to 12:30 PM, brought together representatives from ZebPay, Binance, and WazirX in the committee room, focusing on operational realities, compliance practices, and policy concerns.<\/p>\n\n\n\n<p>Also present were officials from the International Financial Services Centres Authority (IFSCA), the Ministry of Finance, and the Ministry of Corporate Affairs. The committee is chaired by Bhartruhari Mahtab, and the session is part of a wider study the panel initiated during the 2024\u201325 period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Is_This_Meeting_Significant\"><\/span><strong>Why Is This Meeting Significant?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>India is one of the world&#8217;s largest retail crypto markets by user base, but it has operated without a clear regulatory framework for years. India&#8217;s relationship with crypto has long been defined by caution, heavy taxation, and regulatory uncertainty, even as digital asset adoption accelerated across global markets.&nbsp;<\/p>\n\n\n\n<p>For years, policymakers and the Reserve Bank of India (RBI) resisted creating a full crypto framework, warning that speculative trading and stablecoins could threaten financial stability.<\/p>\n\n\n\n<p>What changed on May 20 is the posture. This was not a crackdown briefing or a tax enforcement update; it was a consultation. Exchanges were invited to the table to share operational challenges and policy recommendations. That is a meaningful shift.<\/p>\n\n\n\n<p>Committee Chairman Bhartruhari Mahtab pointed out that a significant amount of capital is leaving India for crypto investments, calling for stronger rules drawn from examples in countries like the US and China. Crypto exchanges, in turn, pushed for clearer policies and fairer taxes, arguing that India&#8217;s current 30% tax plus 1% TDS on every transaction makes conditions difficult for investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Comes_Next\"><\/span><strong>What Comes Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Minister of State for Finance Pankaj Chaudhary previously told Parliament that the government had no fixed timeline to finalize VDA regulations, noting that crypto assets are borderless and require international coordination.<\/p>\n\n\n\n<p>That caveat matters. A meeting is not a policy. But structured, multi-stakeholder dialogue of this kind is typically what precedes legislation, and India has been absent from that process for too long.<\/p>\n\n\n\n<p>For Indian crypto investors and exchange users, this meeting signals that the conversation has moved from whether India will regulate crypto to how it will do so.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>May 20, 2026, is not the day India solved its crypto policy problem. But it is the day India&#8217;s Parliament chose to have a serious conversation about it, with the right people in the room. For ZebPay and the broader industry, that counts for something.<\/p>\n\n\n\n<p>In the grand scheme of things,<a href=\"https:\/\/zebpay.com\/in\/blog\"> ZebPay blogs<\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on<a href=\"https:\/\/zebpay.com\/\"> ZebPay<\/a>!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/onboarding.zebpay.com\/onboarding?returnUrl=https%3A%2F%2Fzebpay.com%2Fapp\">Trade Now<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1779361975809\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Can_I_still_trade_crypto_in_India_legally\"><\/span><strong>Can I still trade crypto in India legally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Crypto trading is legal in India and regulated under the Income Tax Act and AML compliance requirements under PMLA. The 30% tax on gains and 1% TDS on transactions remain in effect until policy changes are formally announced.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1779361987361\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_happens_if_India_introduces_new_crypto_regulations\"><\/span><strong>What happens if India introduces new crypto regulations?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Changes could affect tax structures, reporting norms, or trading limits. Exchanges like ZebPay would be required to update their systems and notify users accordingly. Investors should stay informed through official exchange communications.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1779362005621\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_is_the_Standing_Committee_on_Finances_role_here\"><\/span><strong>What is the Standing Committee on Finance&#8217;s role here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The committee studies policy subjects and makes recommendations to Parliament. Its findings on VDAs may inform future legislation, though the government is not legally bound to act within a set timeframe.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Parliament formally consulted Binance, WazirX, and ZebPay on May 20, 2026, marking one of the most significant steps yet toward a structured crypto regulatory framework. The discussions centred on Virtual Digital Assets (VDAs), taxation, investor protection, and the outcome. This could directly affect millions of Indians trading in crypto. India&#8217;s Standing Committee on Finance [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":40327,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[303],"tags":[16,330],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/40326"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=40326"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/40326\/revisions"}],"predecessor-version":[{"id":40329,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/40326\/revisions\/40329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/40327"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=40326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=40326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=40326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}