India Proposes Bold New Crypto Framework With COINS Act
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The post India Proposes Bold New Crypto Framework With COINS Act appeared first on Coinpedia Fintech News India’s crypto ecosystem just got a major boost. Web3 firm Hashed Emergent and policy group Black Dot have introduced the COINS Act, a first-of-its-kind model law designed to promote clarity, innovation, and user rights. This is a big step toward establishing a progressive and consistent approach to Web3 policy in the country. COINS Act Pushes For Crypto Rights The draft law prioritizes user rights and innovation, while providing regulators with a clear path to follow. Although it is non-binding, the Act offers a clear framework for digital rights like self-custody, protocol access, and financial privacy. It also addressed key issues like high taxes, unclear regulations, and the need for a crypto regulator. Here’s what the COINS Act proposes: Digital Rights at the Core: The Act firmly protects key crypto-native rights like self-custody, privacy, and the freedom to deploy or interact with code as fundamental freedoms. A Crypto-Native Regulator: It suggests a dedicated crypto regulator with limited powers, focused on handling services based in India and not interfering with global decentralized protocols. The COINS Act proposes setting up a dedicated crypto regulator just for India, called CARA. This new body would focus only on crypto services aimed at Indian users, leaving out traditional regulators like RBI or SEBI. It’s designed to avoid overreach and keep things clear and focused. Clear Rules for Control & Custody: Centralized platforms would need full licenses, while non-custodial protocols face a light disclosure regime, and fully decentralized protocols face no compliance. Safe Harbours to Boost Local Projects: The Act offers a time-limited safe zone for initial coin offerings (ICOs) in India, giving local crypto projects room to grow without heavy restrictions. Token launches have a two-year window with simpler…
Filed under: News - @ July 22, 2025 7:28 am