India, with more than 100 million crypto users, has begun a major overhaul of its entire VDA (Virtual Digital Asset) rulebook. The government is seeking stronger investor protection, clear licensing for exchanges and custodians, and transparent standards for reserves, custody and insolvency. The review also focuses on stablecoin and RWA oversight, while reconsidering the current 30% tax and 1% TDS. Improved reporting and market surveillance are expected as India moves towards clearer crypto regulation.
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