News View Non-AMP

COINS Act Seen as Blueprint for India’s Web3 Future, Says Polygon Payments Head

Published by
Zameer Attar

The COINS Act was recently introduced in India by Web3 venture firm Hashed Emergent and policy group Black Dot. It wants to create clear rules for the crypto industry, focusing on stopping money laundering, protecting the right to hold your own crypto, and addressing privacy issues.

Several industry leaders, including Aishwary Gupta, Global Head of Payments at Polygon Labs, have welcomed the proposal. Gupta said that India needs to reform its crypto regulations, especially to establish clarity and reform taxation. 

COINS Act: Trailblazer For Crypto Regulatory Framework

COINS Act establishes crypto-related rights for the users and investors, strengthening security compliance with strict KYC, AML policies, and proposes tax reforms. Gupta said that the COINS Act will establish the long-awaited clarity in the crypto space. He explained that this can position India as the forefront of the Web3 revolution. 

In an interview with Coinpedia, Gupta says, “The COINS Act is a constructive step forward—it shows that the industry is maturing and ready to co-create policy with the government. Its tiered approach, differentiating between protocol developers, intermediaries, and custodians, is aligned with global best practices. If it can serve as a reference for India’s upcoming frameworks, we’ll be moving toward clarity without stifling innovation.” 

India to Build an Innovation-Friendly Framework for Crypto

Gupta urges India to make laws for crypto users to operate overseas with legal permission and clarity.  He said, “India has no shortage of talent, but in the absence of clear guardrails, developers often look overseas to register entities or deploy products. India should aim to build frameworks that are interoperable with global norms, giving local builders a passport to operate abroad with credibility.”

Additionally, the Polygon head pushes India to create a balanced tax regime that ensures compliance while encouraging innovation, investment, and job creation in the blockchain space. He insists the policymakers craft legislation that aligns with India’s vision of becoming a technology and financial powerhouse. 

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Metaplanet Finalizes Its International Offering With $1.4B to Buy More Bitcoin

Metaplanet Inc. (Tokyo: 3350) has finalized its international offering to facilitate more Bitcoin (BTC) purchases.…

September 10, 2025

Bitcoin Price Rejected at $113k Ahead of CPI Data: What is JPMorgan’s Take?

Bitcoin (BTC) price led the wider altcoin market in a mild retrace on Tuesday, September…

September 10, 2025

Experts Decipher If Ripple’s XRP Lawsuit Saved Crypto World Just in Time

The U.S. Federal Reserve is widely expected to cut interest rates after weak jobs data…

September 9, 2025

Solana Steadies At $200 While Analysts Call Remittix The Best Crypto Investment In 2025

Investor attention is firmly split between established giants and rising challengers. Solana has steadied at…

September 9, 2025

Cardano Price Prediction: Why Layer Brett Is Tipped As The Best Crypto Investment In 2025

The crypto world never stops spinning, and startup coins tend to capture attention from established…

September 9, 2025

Dogecoin Price Forecast and Chainlink News Today as Remittix Emerges With 30× Potential

The crypto market is steady this week, with Dogecoin price forecast models showing modest movement…

September 9, 2025