India’s Parliament Standing Committee on Finance has cancelled its August 27, 2026 sitting for oral evidence from the Ministry of Finance’s Department of Economic Affairs (DEA) on its study of Virtual Digital Assets (VDAs). No replacement date has been announced. The committee’s next sitting, on September 3, will hear the Department of Revenue and the Central Board of Direct Taxes (CBDT) on direct-tax reforms rather than crypto. The DEA hearing was expected to provide a final major piece of evidence for a standalone report on whether India should regulate, ban or continue taxing and tolerating crypto. The delay follows repeated postponements of the DEA’s separate discussion paper, which has reportedly been shelved at least five times amid opposition from the Reserve Bank of India. The committee’s July 23, 2026 recommendation for an interim crypto framework based on SROs (industry bodies subject to regulatory oversight) remains on the parliamentary record and is not cancelled. Existing rules also remain unchanged: a 30% tax on VDA gains, 1% TDS (tax withheld at source) on transfers, 18% GST on trading fees, and continuing FIU-IND registration and reporting requirements. India has an estimated 119 million crypto users and has led Chainalysis’ Global Crypto Adoption Index for three consecutive years, making the delay significant for the world’s largest crypto user base.