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India Proposes Bold New Crypto Framework With COINS Act

India Proposes Bold New Crypto Framework With COINS Act

Published:
2025-07-22 06:31:02
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BTCCSquare news:

India's cryptocurrency landscape is poised for transformation with the introduction of the COINS Act, a pioneering regulatory blueprint crafted by Hashed Emergent and Black DOT Policy Advisors. The framework emphasizes clarity, innovation, and user rights, marking a significant stride toward cohesive Web3 policy in the country.

The COINS Act champions digital rights, enshrining self-custody, protocol access, and financial privacy as fundamental freedoms. It proposes CARA, a dedicated crypto regulator with a narrow mandate focused on domestic services, steering clear of global decentralized protocols. High taxes and regulatory ambiguity—long-standing pain points for India's crypto community—are squarely addressed.

This non-binding model law could redefine India's approach to digital assets, balancing innovation with consumer protection. The absence of direct coin or exchange mentions underscores its broad, foundational intent—a canvas for future market-specific rules.

|Square

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