[Approximately 39 Million Crypto Users in India Hold $2.1 Billion in Assets, Central Bank Continues to Urge Banks to Avoid Exposure] Odaily Planet Daily News: India imposes a unified 30% tax on virtual digital asset income and an additional 1% tax deducted at source (TDS) on transfer amounts. Approximately 54 crypto service providers in the country have registered with the Financial Intelligence Unit, serving 39 million verified users who collectively hold around $2.1 billion in assets. The Reserve Bank of India (RBI) has repeatedly expressed to Parliament its preference for a restrictive policy toward private cryptocurrencies and stablecoins, urging banks to avoid related exposure to safeguard financial stability. The long-promised crypto legislation remains incomplete. Meanwhile, Indian government agencies are utilizing permissioned blockchain in non-trading scenarios. AIIMS Delhi uses blockchain to manage faculty recruitment records, Cotton Corporation of India tracks cotton bales through a blockchain identification system, and the aviation regulator DGCA is building a blockchain-linked digital service platform.