India’s review of virtual digital assets (VDAs) is aimed at establishing a robust regulatory framework that addresses investor protection and market integrity. With over 100 million users, the initiative seeks to fill gaps in existing laws focused primarily on taxation and Anti-Money Laundering.
Key proposed regulations include clearer custody norms, stronger disclosure requirements, and improved definitions of insolvency. This could lead to stronger protections for consumers and ensure compliance with global norms, enhancing the overall stability of India’s crypto ecosystem.
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