https://www.taxtmi.com/news?id=73641 Virtual digital assets, including cryptocurrency, were described as posing risks to an emerging economy because of potential misuse for illegal activity, difficulty in tracking offshore entities, and broader regulatory challenges. The Reserve Bank of India stated that such assets should not be legalised in India at this stage. The Institute of Chartered Accountants of India supported a comprehensive VDA law and proposed guidance on recognition, measurement, presentation, disclosure, financial reporting, and compliance frameworks. en-us Thu, 02 Jul 2026 22:31:03 +0530 Thu, 02 Jul 2026 22:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73641 Virtual digital assets, including cryptocurrency, were described as posing risks to an emerging economy because of potential misuse for illegal activity, difficulty in tracking offshore entities, and broader regulatory challenges. The Reserve Bank of India stated that such assets should not be legalised in India at this stage. The Institute of Chartered Accountants of India supported a comprehensive VDA law and proposed guidance on recognition, measurement, presentation, disclosure, financial reporting, and compliance frameworks. News - Thu, 02 Jul 2026 22:31:03 +0530 https://www.taxtmi.com/news?id=73641