India’s Crypto Future Ignited: COINS Act Unveiled! 🚀
Big news for India’s crypto scene! Hashed Emergent & Black Dot Policy Advisors just dropped the COINS Act, a game-changing draft law to shape a pro-innovation crypto framework. This isn’t just talk—it’s a bold blueprint to empower builders, protect users, and position India as a global crypto leader. Here’s the breakdown:
🔐 Crypto Rights Locked In: The COINS Act makes self-custody, privacy, code deployment, and protocol access fundamental freedoms. No more grey zones—your crypto, your control.
🏦 Smart Regulation, Not Overreach: A new Crypto Assets Regulatory Authority (CARA) will oversee India-facing services, leaving decentralized protocols free to innovate without heavy-handed rules.
🛠 Control & Custody Clarity: Centralized exchanges? Full licensing. Non-custodial protocols? Light disclosure. Fully decentralized? Zero compliance hassle. Regulation that makes sense.
🌱 Boosting India’s Crypto Ecosystem: A time-limited safe harbor for Indian token projects sparks innovation, while devs are shielded from liability for user actions. Build without fear!
💎 Strategic Crypto Reserve: A visionary move to create a national Bitcoin & crypto reserve, securing India’s digital sovereignty for the long haul.
The COINS Act isn’t law yet, but it’s a powerful step toward clear, fair crypto rules. Let’s spark a dialogue between regulators and the industry to drive India’s Web3 future! 🇮🇳
What do you think—ready for India to lead the crypto charge? Drop your thoughts below! 👇
