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breaking: india’s crypto regulations on the verge of a major overhaul – here’s how it affects YOU 🚀😱🔥
india’s VDA review presents a crucial opportunity to fortify consumer safeguards within the burgeoning crypto landscape: stakeholders emphasize the need for a robust regulatory framework
With over 100 million crypto users, India lacks a comprehensive Virtual Digital Assets (VDA) law. Existing rules address tax and anti-money laundering obligations but lack consumer protection. Discussions include unified investor protection rules, unregulated practices, and concerns about high taxes pushing users offshore. Stakeholders consider a risk-based VDA framework, licensing requirements, and improved data systems.
India’s VDA regulations are evolving to prioritize investor protection amid a surge in tech-savvy users. The review seeks a clearer regulatory system beyond high taxes and basic anti-money laundering rules.
https://altcoin.observer/how-vda-review-in-india-can-strengthen-protections-in-the-crypto-ecosystem/
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