India is set to meet with major crypto exchanges including Binance, WazirX, and ZebPay to shape future crypto regulations for a market estimated to have up to 200 million users. The talks come after India’s strict 30% crypto tax pushed much of the trading activity offshore instead of slowing adoption. The discussions matter because they could define how crypto is regulated, taxed, and protected for millions of users. However, WazirX’s reported $230 million hack in 2024 and the fallout for investors have raised concerns about whether exchanges tied to past failures should help shape the new rules.
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