What did India’s Parliament budget debate signal on crypto?

An AAP MP called for strict regulation, AML ring-fencing, and incentives to bring investors onshore, estimating Rs 15,000–20,000 crore in revenue. While no formal rules were passed, the tone suggests crypto remains on the policy agenda, which can influence domestic exchange volumes and regional liquidity for Bitcoin.

How could this affect BTC liquidity for Singapore traders?

If India clarifies rules and improves AML controls, local exchanges could see higher volumes. That often narrows Asia-hour spreads and supports deeper order books. Better liquidity can improve fills for Singapore traders, even when prices are quoted in USD. If policy stalls, spreads can widen and slippage may rise.

What is VDA taxation and why is it important now?

VDA taxation refers to the tax treatment of virtual digital assets India. Clear, consistent rules can reduce uncertainty for investors and exchanges, encourage onshoring, and support stable liquidity. Without clarity, users may stay offshore, fragmenting volumes and weakening price discovery across the region.

What BTC levels are most relevant today?

Immediate support sits near $68,351, with first resistance around $71,380 based on today’s range. A push above resistance could target the low-$70,000s. Failure to hold support can invite retests lower. Given ATR above 3,200, traders should use tight stops and size positions conservatively.

Law and Government

BTCUSD Today: India Budget Debate Backs Crypto Regulation — February 9

ByDanny Kontos February 9, 2026February 9, 2026

India Budget 2026 crypto regu is back in focus after AAP MP Raghav Chadha pressed for strict rules and AML ring-fencing in the Parliament budget debate. He argued that onshoring investors could add Rs 15,000–20,000 crore in revenue. For Singapore traders, a policy pivot in India can deepen regional liquidity and narrow spreads. BTCUSD trades near $69,086, up about 10% today, with volatility high. We break down market levels, potential policy paths, and risks to watch.