India, with over 100 million crypto users, has started a major review of its entire VDA (Virtual Digital Asset) rulebook. The government aims to introduce stronger investor protections, clear licensing for exchanges and custodians, and transparent standards for reserves, custody, and insolvency. The review also targets stablecoin and RWA oversight, while the current 30% tax and 1% TDS are under reconsideration. Enhanced reporting and market surveillance are expected as India moves toward clearer crypto regulation.
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