India’s Parliamentary Standing Committee on Finance may recommend stronger technology for tracking cryptocurrency transactions, greater blockchain expertise within government, and stakeholder consultations on the country’s approach to crypto assets. These are tentative proposals reported by Hindustan Times on 2 October 2026—not recommendations the committee has formally approved. Its report was still being prepared, according to the newspaper.
What measures might the panel recommend?
Hindustan Times, citing unnamed functionaries familiar with the committee’s work, reported three possible areas of action:
- Improve transaction-tracking technology: The government could be urged to adopt better tools for monitoring crypto transactions.
- Build blockchain capacity: Strengthening government expertise and surveillance capability could help officials follow transaction records across different blockchains.
- Consult stakeholders: The committee may seek views on whether India should retain its current position on crypto assets.
The report does not identify particular tools, vendors, technical standards, funding or an implementation timeline. These should not be read as settled policy details.
Has the committee issued its recommendations?
Not according to the 2 October 2026 Hindustan Times report: the committee was preparing its report, and the measures were described as possibilities rather than adopted recommendations. The ideas were attributed to unnamed sources, not presented as an on-record statement by the committee chair or another named member.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
#1 Best Overall
- Read Before You Buy — No Video Output: These adapters support charging and USB 2.0 data transfer, but cannot transmit video signals. Except for standard USB webcams (which use USB data only), they are not compatible with HDMI/DisplayPort cables, video-capable USB-C hubs, or docking stations with video output.
- Convert USB-A Ports to USB-C: Designed to connect USB-C earphones, cables, flash drives, card readers, and other USB-C accessories to standard USB-A ports. Plug-and-play with no drivers or software required.
- Aluminum Alloy Housing: Built with a sturdy aluminum alloy shell that aids in heat dissipation and protects against daily wear and scratches. Designed to maintain a stable and secure connection.
- Compact & Travel-Friendly: The ultra-compact design allows the adapter to stay plugged into your device without blocking adjacent ports or adding bulk, reducing wear and tear on your original USB ports.
- 12-Month Warranty: Backed by a 12-month manufacturer warranty for peace of mind. Designed to meet strict quality control standards for reliable everyday performance.
The panel in question is India’s Parliamentary Standing Committee on Finance—not a committee of the United States House of Representatives. Hindustan Times identified BJP lawmaker Bhartruhari Mahtab as its chair and reported that it had held eight meetings on virtual digital assets since 8 September of the previous year.
Why is cross-chain tracking a challenge?
Cryptocurrency can move between separate blockchains, which keep transaction records on distinct networks. The newspaper’s report says the Financial Intelligence Unit (FIU) can follow cryptocurrency as it moves between blockchains, while experts told the committee that government tools should do a better job of tracing transaction records across them. The proposal, as reported, is to improve that capability; the article does not explain how a system would be designed or what safeguards it would use.
Rank #2
- 5-in-1 USB-C Hub: Experience comprehensive connectivity featuring a Power Delivery input, two USB-A 2.0 ports, a USB-A 3.0 port, and an HDMI port. (Note: The USB-C power delivery input port is only for connecting an external wall charger to power your laptop and cannot power peripheral devices.)
- 90W Pass-Through Charging: Achieve optimal charging with 90W pass-through power to your laptop, supported by a total input of 100W, with the hub reserving 10W for operational efficiency. (Note: Wall charger not included.)
- Quick Data Transfers: Accelerate your productivity with rapid data transfers using a high-speed 5Gbps USB 3.0 port and two 480Mbps USB 2.0 ports.
- 4K HDMI Display: Enhance your visual experience with a hub capable of delivering 4K resolution at 30Hz in both mirror and extend modes. Please note that this hub is compatible with MacBook (macOS 12 and newer), Windows 10 and 11, ChromeOS, and laptops equipped with DP Alt Mode and Power Delivery. Note: This device is not compatible with Linux.
- What You Get: Anker USB-C Hub (5-in-1, 4K HDMI), welcome guide, 18-month warranty, and our friendly customer service.
What figures did the report cite?
Hindustan Times reported the following FIU-India figures for KYC-verified accounts and estimated crypto holdings:
| Reporting point | KYC-verified accounts | Estimated holdings |
|---|---|---|
| End of April 2025 | 36 million | Approximately ₹34,000 crore |
| May 2026 | Approximately 39.3 million | ₹20,436 crore |
For May 2026, Hindustan Times calculated average holdings of around ₹5,200 per KYC-verified account from the reported account and holdings totals. That average is the newspaper’s calculation, not an FIU figure expressly identified as such. The figures above are attributed to FIU-India as reported by Hindustan Times; the underlying dataset has not been independently verified here. Account totals and estimated holdings are different measures and should not be treated as a direct measure of individual participation or market value.
Recommended Free Tools
Rank #3
- Sleek 7-in-1 USB-C Hub: Features an HDMI port, two USB-A 3.0 ports, and a USB-C data port, each providing 5Gbps transfer speeds. It also includes a USB-C PD input port for charging up to 100W and dual SD and TF card slots, all in a compact design.
- Flawless 4K@60Hz Video with HDMI: Delivers exceptional clarity and smoothness with its 4K@60Hz HDMI port, making it ideal for high-definition presentations and entertainment. (Note: Only the HDMI port supports video projection; the USB-C port is for data transfer only.)
- Double Up on Efficiency: The two USB-A 3.0 ports and a USB-C port support a fast 5Gbps data rate, significantly boosting your transfer speeds and improving productivity.
- Fast and Reliable 85W Charging: Offers high-capacity, speedy charging for laptops up to 85W, so you spend less time tethered to an outlet and more time being productive.
- What You Get: Anker USB-C Hub (7-in-1), welcome guide, 18-month warranty, and our friendly customer service.
How does this fit India’s crypto policy?
Hindustan Times describes India’s approach as taxing crypto while not recognizing it as legal tender. The report says a 30% tax on income from digital assets and a 1% tax deducted at source on virtual digital asset transfers were introduced in 2022. Tax rules can change; anyone making a tax or compliance decision should check the current law and official guidance rather than rely on a news summary.
The article also reproduces a statement from then Finance Minister Arun Jaitley’s 2018–19 Budget speech: “The Government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate the use of these assets in financing illegitimate activities or as part of the payment system. The Government will explore the use of blockchain technology proactively for ushering in the digital economy.” This is the quotation as reproduced by Hindustan Times, not a quotation independently checked against the original speech.
Rank #4
- Dual Converters, Infinite Potential：Includes 2× USB C male to USB A female adapters and 2× USB A male to USB C female adapters. Perfect for a wide range of uses—tablets with Bluetooth keyboards, expand USB ports on macbook, and more. Two different converters for all your daily needs
- Next-Level 10Gbps & 3A Charging: No more slow 480Mbps, this usb to usb c adapter has a transfer speed of up to 10Gbps, allowing you to do more transferring in less time. This usb adapter fits both USB A and USB C charger, supporting up to 3A fast charging
- Upgraded Exquisite Craftsmanship: With an aluminum alloy housing and metal connector, the usbc to usb adapter is extremely durable and sturdy. Rigorously tested to withstand more than 10,000 times of plugging and unplugging, ensuring long-lasting performance
- Broad Compatible: The usb c to usb adapter widely supports all USB C/ USB A devices like laptops, tablets, cellphones, car chargers, and phone chargers. Such as compatible with MacBook Pro/Air 2023/2022, Thunderbolt 4/3 Devices,Apple MagSafe Watch 9/8/7/SE/Ultra, iPad Pro 2022/2021, Samsung Galaxy S23/S20/S10, and iPhone 17/16/15 Pro. Plug and play
- Please Note: To reach 10Gbps speed, keep the cable under 3.3 ft. For USB A Male to USB C adapters, try flipping the USB C connector. USB C Male to USB A adapters support bidirectional 10Gbps transfer within 3.3 ft
What remains unknown?
The report does not establish whether the committee later issued a final report, whether any final recommendations include these proposals, or whether the government will act on them. It also gives no operational details for cross-chain monitoring. Until formal documents or on-record statements clarify those points, the reported measures are best understood as possibilities under consideration—not enacted rules or confirmed government plans.
Quick Recap
Best Value
- 5-in-1 Connectivity: Equipped with a 4K HDMI port, a 5 Gbps USB-C data port, two 5 Gbps USB-A ports, and a USB C 100W PD-IN port. Note: The USB C 100W PD-IN port supports only charging and does not support data transfer devices such as headphones or speakers.
- Powerful Pass-Through Charging: Supports up to 85W pass-through charging so you can power up your laptop while you use the hub. Note: Pass-through charging requires a charger (not included). Note: To achieve full power for iPad, we recommend using a 45W wall charger.
- Transfer Files in Seconds: Move files to and from your laptop at speeds of up to 5 Gbps via the USB-C and USB-A data ports. Note: The USB C 5Gbps Data port does not support video output.
- HD Display: Connect to the HDMI port to stream or mirror content to an external monitor in resolutions of up to 4K@30Hz. Note: The USB-C ports do not support video output.
- What You Get: Anker 332 USB-C Hub (5-in-1), welcome guide, our worry-free 18-month warranty, and friendly customer service.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
The Tool Desk
Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →
