India, July 27 -- Parliamentary Panel Reignites Crypto Debate

For years, India's approach to cryptos revolved merely around taxation. A parliamentary panel has now suggested creating a self-regulatory organisation (SRO) to fill this regulatory gap. So, is the country finally inching towards a real crypto rulebook?

A New Crypto Regime? The Parliamentary Standing Committee on Finance has proposed creating an interim mechanism to regulate virtual digital assets (VDAs) through an SRO, operating under a designated regulator. It has also sought more clarity on tokenised securities and crypto investment products under the proposed Securities Markets Code, 2025.

The Vacuum: The panel acknowledged that excluding VDAs from securities law has cre...