The Indian Ministry of Finance stated that the Enforcement Directorate has seized assets worth approximately 41.8989 billion rupees in a cryptocurrency case, and a suspect has been identified as an economic fugitive

The Indian Ministry of Finance stated in a written response to Parliament that the Enforcement Directorate (ED) of India has seized, frozen, or confiscated assets totaling approximately ₹41,898.9 crore in multiple crypto-related cases under the Anti-Money Laundering Act, and has arrested 29 individuals and filed 22 charges, with one suspect officially designated as an "economic fugitive."

At the same time, the Central Board of Direct Taxes (CBDT) of India has uncovered approximately ₹8,888.2 crore in undisclosed income during its search and seizure operations related to Virtual Digital Assets (VDA), and has issued notices to 40,057 taxpayers who did not provide VDA information in their income tax returns. The Ministry of Finance stated that crypto assets in India are currently unregulated, and the government is advancing capacity building to strengthen the monitoring and investigation of VDA transactions, emphasizing that crypto assets have cross-border attributes, and any effective regulatory framework will require extensive international cooperation in areas such as risk assessment and classification standards.