New Delhi: India’s virtual digital asset (VDA) industry has taken a step towards self-regulation. On October 28, the Bharat Web3 Association (BWA) launched an industry-led Self-Regulatory Organisation (SRO) initiative for the VDA sector. The development…
New Delhi: India’s taxation framework for virtual digital assets (VDAs) was introduced to improve transaction transparency and ensure that crypto-related income contributes to the tax base. Section 393(1) of the Income-tax Act, 2025, mandates 1%…
BWA’s new self-regulatory body will promote cybersecurity, transparent token listings, grievance redressal and stronger compliance among VDA sector members NEW DELHI: The Bharat Web3 Association (BWA) has established an independent Self-Regulatory Body (SRB) to encourage…
New Delhi: India runs a crypto market under two sets of rules. An exchange based in India registers with the Financial Intelligence Unit, verifies every user, keeps records under the money laundering law, deducts 1…
New Delhi: India has taken a careful approach to virtual digital assets (VDAs). Recently, RBI Governor Sanjay Malhotra reiterated that India remains cautious about VDAs while supporting technologies such as distributed ledgers and tokenisation. He…
New Delhi: Every year, gold worth trillions of rupees sits locked away in Indian homes and temples, doing little beyond remaining stored. Alongside it, hundreds of millions of tonnes of wheat, cotton and metal move…
New Delhi: Last week, the Parliamentary Standing Committee on Finance released its 36th Report on the proposed Securities Market Code Bill, 2025. The Securities Market Code proposes to establish a single rulebook for India’s securities…
New Delhi: The Parliamentary Standing Committee on Finance’s recommendations on the Securities Markets Code, 2025 represent an important milestone in India’s evolving approach to the regulation of virtual digital assets. By recommending that the Government…
Authored by : Dilip ChenoyChairperson, Bharat Web3 Association New Delhi: The Parliamentary Standing Committee on Finance’s recommendations on the Securities Markets Code, 2025 represent an important milestone in India’s evolving approach to the regulation of…
New Delhi: Most financial transactions today involve an intermediary such as a bank or broker that helps track where money comes from and where it goes. Traditionally, this system has made sure that financial activity…
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