Public Policy

The global anti-money laundering and combating the financing of terrorism (AML/CFT) watchdog – the Financial Action Task Force (FATF) — discussed and adopted India’s Mutual Evaluation Report (MER) at its plenary in Singapore in June 2024. The report was made public on September 19. The plenary concluded that India has reached a high level of […]

The Budget Session of Parliament was held from July 22 to August 9, 2024. As this was the first full-fledged sitting of both Houses of Parliament after the 2024 General Elections, there were considerable expectations on what the new government’s first Budget would offer for the Virtual Digital Asset (VDA) sector. While the Economic Survey […]

A large and fast-growing digital-led economy, widespread availability of highly skilled tech talent, a thriving startup ecosystem, and favorable demographics are all the right ingredients for India to become a global leader in the Web3 and VDA sector. India is poised to be the world’s third largest economy, and Web3 holds immense potential to be […]

Multilateral agencies are accelerating their response to comprehensively regulate crypto assets.

The spectacular collapse of a large crypto asset exchange in 2022 and the subsequent whirlwind trial and conviction of its founder; the crash of a prominent crypto-friendly bank in the US; and the recent unprecedented multi-billion dollar penalty on the largest crypto asset exchange in the world for criminal compliance violations, hogged global crypto headlines […]

After a successful G20 Summit in New Delhi in September 2023, India will host a G20 Virtual Summit on November 22. This will be the first time that any country will host such a Virtual Summit, following the main Summit. The Virtual Summit will be the last major event under India’s G20 Presidency before Brazil […]

This week marks a significant milestone in India’s strategic growth as it successfully completes the Presidency of the G20—a resounding success for diplomacy and international collaboration. As the baton now passes to the next G20 host country, the progress India has effected at a global scale on the subject of a global regulatory framework for […]

An internationally coordinated regulatory framework for Virtual Digital Assets (VDAs) is a work in progress, with the Union Government in active discussions with various stakeholders in the country and internationally through fora such as the G20, which India is currently heading. The gradual but steady progress on this front is also a reflection of the […]