Crypto, Karma, and the Quest for Enlightened Wealth in Modern India

While India stands at the precipice of the dawn of the new age of digital finance, the debate on cryptocurrency is taking a most unexpected turn—spiritual. June 28, 2025, is judgment day as the country is scheduled to release its much-awaited crypto regulation discussion paper, setting the stage not only for policy and tax discussions but also for a deeper contemplation of the karmic implications of wealth in the virtual age.

 

Key Highlights

 

Release of Crypto Regulation Discussion Paper: The government of India will publish a discussion paper on crypto regulation in June, seeking comments from citizens and signaling a more open, consultative method for virtual currencies.

 

Industry Demand For Tax Reforms: Crypto influencers are demanding a significant reduction in transactional taxes—from 1% TDS to 0.1%—to revive local trading and attract foreign investment. Over 90% of Indian crypto activity has moved to international platforms after the 2022 tax regime.

 

Spiritual Perspective of Wealth: The Skanda Sashti festival on June 1, 2025, brought the idea of "money karma" into focus. The followers tried to wash away monetary obstacles through rituals and prayers, the latest in the increasing perception that money—digital or otherwise—is strongly connected to past deeds and spiritual fate.

 

RBI's Softer Stand: Reserve Bank of India, which has been crypto-skeptical for so long, is now patiently waiting and watching, ready to take a cue from the upcoming discussion paper before making any further policy steps.

 

International and Local Momentum: Key international exchanges such as Binance and Coinbase are coming back to the Indian market, banking on regulatory clarity and the country's potential to be a $15 billion crypto hub by 2035.

 

Karma and Economics: Thought leaders are comparing karmic debt to financial debt and are invoking wise, virtuous action in both e-commerce and everyday life to build a prosperous future.

 

"Money karma has nothing to do with spending money or the amount of money you make. It has to do with your soul's past with money over many lifetimes. Skanda Sashti provides you with a unique chance to overwrite this karma."

 

As India's digital wealth scene evolves, the intersection of crypto and karma is making a new generation seek not just riches but spiritual fulfillment—demonstrating that in 2025, the future is not just about money but also the soul. 

 

Source: Times of India, CryptoRank, Economic Times