{"id":21211,"date":"2025-01-03T14:28:45","date_gmt":"2025-01-03T08:58:45","guid":{"rendered":"https:\/\/coinswitch.co\/building-blocks\/?p=21211"},"modified":"2025-01-06T19:30:58","modified_gmt":"2025-01-06T14:00:58","slug":"2024-wrap-how-coinswitch-advanced-the-cause-of-cryptoasset-regulations","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/building-blocks\/2024-wrap-how-coinswitch-advanced-the-cause-of-cryptoasset-regulations\/","title":{"rendered":"2024 Wrap: How CoinSwitch Advanced the Cause of Cryptoasset Regulations"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The intersection of policy and market sentiment became strikingly evident in the year 2024, as Donald Trump\u2019s re-election to the U.S. presidency ignited a pro-crypto asset wave that pushed Bitcoin \u2013 the largest digital asset by market cap \u2013 past the $100k mark. This remarkable milestone underscored the impact of supportive administration on market dynamics and emphasised the vital role of regulations in driving innovation and bolstering confidence in the Virtual Digital Asset (VDA) sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the U.S. captured attention late in the year, global regulatory milestones defined 2024. Highlights included the approval of Bitcoin Exchange-Traded Funds (ETFs), the European Union\u2019s implementation of the Markets in Crypto-Assets (MiCA) regulation, and advancements in implementing the G20 Roadmap on CryptoAssets and adopting the FATF Standards by Virtual Asset Service Providers. These developments signalled meaningful progress toward establishing a more regulated and transparent global cryptoasset ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">India made a significant stride in the global crypto ecosystem this year with the announcement of its Discussion Paper on cryptoasset regulations, marking a crucial first step toward a formal regulatory framework. The CoinSwitch (CS) Public Policy team continues to educate, inform, and engage with stakeholders at all levels, shaping the policy narrative toward a constructive and robust regulatory framework for crypto-assets. Alongside this, other notable developments highlighted the increasing acceptance of virtual digital assets and the Web3 sector in India.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Discussion Paper\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/economy\/discussion-paper-on-crypto-policy-likely-before-sept-says-dea-secretary-12777598.html\"><span style=\"font-weight: 400;\">announcement<\/span><\/a><span style=\"font-weight: 400;\"> by Ajay Seth, Secretary of the Department of Economic Affairs (DEA), regarding the upcoming release of a Discussion Paper on cryptoasset regulations marks a transformative step in India\u2019s journey toward establishing a regulatory framework for the sector. This milestone is the result of over two years of strategic advocacy by the CoinSwitch (CS) Public Policy team, in collaboration with other industry stakeholders, to drive informed dialogue and policy action. The announcement signals the government\u2019s openness to exploring regulatory pathways that balance innovation with risk management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the recent winter session of the Parliament, the Ministry of Finance, in response to a <\/span><a href=\"https:\/\/sansad.in\/getFile\/loksabhaquestions\/annex\/183\/AU3418_RjYPEN.pdf?source=pqals\"><span style=\"font-weight: 400;\">question<\/span><\/a><span style=\"font-weight: 400;\"> on virtual digital asset (VDA) regulations, stated: \u201cAll jurisdictions, including India, are expected to evaluate their country-specific characteristics and risks, and engage with standard-setting bodies and the G20 to appropriately consider any necessary measures for crypto assets. A part of such a process may involve the publication of a Discussion Paper to obtain feedback on the stance or various stances under consideration by jurisdictions.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At CoinSwitch, we look forward to the release of the paper and actively contributing to it. We <\/span><a href=\"https:\/\/x.com\/ashish343\/status\/1868591633069129932\"><span style=\"font-weight: 400;\">welcome the consultative approach<\/span><\/a><span style=\"font-weight: 400;\"> adopted by the Ministry of Finance on policy formulation of crypto assets.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b><br \/>\nA Year of Growth in Our Engagement with the Ministry of Finance<\/b><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-21214\" src=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/fiu-1-233x300.jpeg\" alt=\"\" width=\"233\" height=\"300\" srcset=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/fiu-1-233x300.jpeg 233w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/fiu-1.jpeg 455w\" sizes=\"auto, (max-width: 233px) 100vw, 233px\" \/><\/p>\n<h5><i><span style=\"font-weight: 300;\">R Venkatesh (SVP &amp; Head Public Policy) with\u00a0 Director &amp; Additional Director of FIU-India at training and awareness workshop for VDASPs<\/span><\/i><\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-21218\" src=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/NS-Dinner-1-178x300.jpeg\" alt=\"\" width=\"178\" height=\"300\" srcset=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/NS-Dinner-1-178x300.jpeg 178w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/NS-Dinner-1.jpeg 476w\" sizes=\"auto, (max-width: 178px) 100vw, 178px\" \/><\/p>\n<h5><i><span style=\"font-weight: 300;\">R Venkatesh (SVP &amp; Head Public Policy) with Hon\u2019ble Finance Minister Nirmala Sitharaman<\/span><\/i><\/h5>\n<p><span style=\"font-weight: 400;\">In 2024, the Ministry of Finance remained a key stakeholder in the sector, with CoinSwitch achieving significant milestones through its collaborations with the ministry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After securing &#8216;Reporting Entity&#8217; (RE) status for VDA Service Providers (VDASPs) under the Prevention of Money Laundering Act (PMLA), CoinSwitch worked closely with FIU-IND to strengthen this partnership. We played a key role in hosting the first-ever industry workshop for VDASP REs, in collaboration with the Bharat Web3 Association (BWA) and FIU-IND. This landmark event featured participation from FIU-IND Director and Additional Director. At the event, a comprehensive report titled <\/span><a href=\"https:\/\/72n1d4.n3cdn1.secureserver.net\/wp-content\/uploads\/2024\/05\/VDA-SPs-Road-to-Effective-Compliance-Under-PMLA-Final-1.pdf\"><i><span style=\"font-weight: 400;\">VDASPs\u2014Road to Effective Compliance under PMLA<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">,<\/span><\/i><span style=\"font-weight: 400;\"> with key contributions from CoinSwitch was unveiled.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This trust and partnership have resulted in significant recognition for CoinSwitch. It was the only VDASP <\/span><a href=\"https:\/\/www.linkedin.com\/posts\/sagarvimal_privileged-to-represent-peepalco-at-the-2024-activity-7262055844568006658-4Yzu?utm_source=share&amp;utm_medium=member_desktop\"><span style=\"font-weight: 400;\">invited<\/span><\/a><span style=\"font-weight: 400;\"> to the Asia Pacific Group Typologies Workshop in Kuala Lumpur and one of only two VDASPs <\/span><a href=\"https:\/\/www.linkedin.com\/posts\/sagarvimal_the-41st-eurasian-group-eag-plenary-meeting-activity-7268156977543864321-Rfwg?utm_source=share&amp;utm_medium=member_desktop\"><span style=\"font-weight: 400;\">invited<\/span><\/a><span style=\"font-weight: 400;\"> to the Eurasian Group\u2019s 41st Plenary in Indore.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a rare honour, CoinSwitch was featured in <\/span><i><span style=\"font-weight: 400;\">Digital Fortunes: Value Investing in the Digital Economy<\/span><\/i><span style=\"font-weight: 400;\">, a book authored by the Financial Action Task Force (FATF) Director in the Ministry of Finance. R. Venkatesh, SVP &amp; Head of Public Policy at CoinSwitch, was quoted for his key insights on the sector, with the author praising him as \u201ca consistent advocate of virtual assets\u201d and \u201ca strong proponent of transparency through anti-money-laundering regulations to help the crypto industry thrive.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, in recognition of CoinSwitch\u2019s contributions to <\/span><a href=\"https:\/\/www.fatf-gafi.org\/en\/publications\/Mutualevaluations\/India-MER-2024.html\"><span style=\"font-weight: 400;\">India\u2019s Mutual Evaluation<\/span><\/a><span style=\"font-weight: 400;\"> by the FATF, we were invited to a celebratory dinner hosted by the Department of Revenue. During the event, Venkatesh had the opportunity to engage with the Hon\u2019ble Finance Minister Nirmala Sitharaman, discussing the team\u2019s work on AML\/CFT compliance. We did a detailed blog on India&#8217;s Mutual Evaluation progress <\/span><a href=\"https:\/\/coinswitch.co\/building-blocks\/fatf-india-coinswitch\/\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b><br \/>\nTax Advocacy<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">We continue to advocate for a more balanced tax framework for the sector, as the current framework\u2014comprising of\u00a0 1% TDS,\u00a0 30% capital gains tax, and the absence of offset of losses \u2013 has had unintended negative consequences for both the industry and its users. A <\/span><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/cryptocurrency\/the-impact-of-indias-1-tds-on-virtual-digital-assets-a-call-for-reform\/articleshow\/111599629.cms?from=mdr\"><span style=\"font-weight: 400;\">study<\/span><\/a><span style=\"font-weight: 400;\"> conducted by the Centre for Tax Laws at NALSAR University of Law underscores these challenges, revealing that these policies have driven Indian users to trade on non-compliant offshore platforms, resulting in a 97% decline in trading volumes and an 81% reduction in active users on Indian exchanges between February 2022 and January 2024. This shift has cost the Indian exchequer an estimated INR 2,489 crore in tax revenue during this period, with projected losses of INR 5,100 crore over the next three years if the TDS remains unchanged.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the first Budget after the 2024 General Elections in July did not offer any tax relief for the VDA sector neither did it propose any new taxes.\u00a0 We also did a detailed <\/span><a href=\"https:\/\/coinswitch.co\/building-blocks\/web3-blockchain-vda-in-budget-2024\/\"><span style=\"font-weight: 400;\">blog<\/span><\/a><span style=\"font-weight: 400;\"> analysing the Budget Session of the Parliament, where the Economic Survey discussed the potential of blockchain technologies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The February 2025 Budget will be the first full-year Budget of the new government. We have been actively engaging with the Ministry of Finance to highlight these challenges posed by the current tax structure. Our efforts remain focused on fostering collaboration with key stakeholders to drive meaningful solutions and advocate for a tax regime that ensures transparency, compliance, and sustainable growth for the sector.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b><br \/>\nDemystifying Web3\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">This year, the Public Policy team actively engaged with government stakeholders to highlight Web3 use cases, focusing on their potential to drive innovation and contribute to India\u2019s economic growth. By collaborating with industry leaders, the team gained valuable insights into how companies are leveraging blockchain and innovative business models to address key problem statements. These efforts culminated in presenting a variety of use cases to officials in the Ministry of Electronics and Information Technology (Meity), the National Institute of Public Finance and Policy, NITI Aayog, the Ministry of Finance, and the Ministry of Skill Development, fostering a deeper understanding of Web3 technologies and their role in enhancing India\u2019s digital economy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bharat Web3 Association released a <\/span><a href=\"https:\/\/bwaind.in\/wp-content\/uploads\/2024\/11\/BWA-Web3-Compendium.pdf\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> titled <\/span><i><span style=\"font-weight: 400;\">India&#8217;s Web3 Revolution: A Compendium of Web3 Firms Led by Indian Innovators<\/span><\/i><span style=\"font-weight: 400;\">, which was <\/span><a href=\"https:\/\/www.linkedin.com\/posts\/ashish-singhal-peepalco_bwa-web3-compendiumpdf-activity-7262379005289349120-K6iJ?utm_source=share&amp;utm_medium=member_desktop\"><span style=\"font-weight: 400;\">unveiled<\/span><\/a><span style=\"font-weight: 400;\"> by Ashish Singhal, Co-Founder &amp; CEO CoinSwitch and the Secretary of the Ministry of Electronics and Information Technology (MEITY). The report highlights over 400 pioneering Web3 startups, each playing a significant role in India\u2019s digital transformation. A number of these innovative companies have received support and investment from <\/span><a href=\"https:\/\/coinswitch.co\/ventures\"><span style=\"font-weight: 400;\">CoinSwitch Ventures<\/span><\/a><span style=\"font-weight: 400;\">, further contributing to the shaping of India\u2019s evolving regulatory landscape.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-21216\" src=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Jayant-Chaudhary-1-202x300.jpeg\" alt=\"\" width=\"202\" height=\"300\" srcset=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Jayant-Chaudhary-1-202x300.jpeg 202w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Jayant-Chaudhary-1.jpeg 624w\" sizes=\"auto, (max-width: 202px) 100vw, 202px\" \/><\/p>\n<h5><i><span style=\"font-weight: 300;\">Monya (Senior Public Policy Analyst) with Jayant Singh, Hon\u2019ble\u00a0 Minister of Skill Development and Entrepreneurship (Independent Charge) and Dilip Chenoy, Chairman, BWA.<\/span><\/i><\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-21212\" src=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/DrManjunath-1-278x300.jpeg\" alt=\"\" width=\"278\" height=\"300\" srcset=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/DrManjunath-1-278x300.jpeg 278w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/DrManjunath-1-768x830.jpeg 768w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/DrManjunath-1.jpeg 796w\" sizes=\"auto, (max-width: 278px) 100vw, 278px\" \/><\/p>\n<h5><i><span style=\"font-weight: 300;\">Vimal (Co-Founder &amp;COO) with\u00a0<\/span><\/i><i><span style=\"font-weight: 300;\">Dr CN Manjunath, Lok Sabha MP from Bangalore Rural<\/span><\/i><\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-21222\" src=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/T-Sumathy-2-300x225.jpeg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/T-Sumathy-2-300x225.jpeg 300w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/T-Sumathy-2-768x576.jpeg 768w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/T-Sumathy-2.jpeg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<h5><i><span style=\"font-weight: 300;\">R Venkatesh (SVP &amp; Head Public Policy) with <\/span><\/i><i><span style=\"font-weight: 300;\">TSumathy Lok Sabha MP from Chennai South<\/span><\/i><\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-21224\" src=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/TejasviSurya-300x188.jpeg\" alt=\"\" width=\"300\" height=\"188\" srcset=\"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/TejasviSurya-300x188.jpeg 300w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/TejasviSurya-1024x642.jpeg 1024w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/TejasviSurya-768x482.jpeg 768w, https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/TejasviSurya.jpeg 1126w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<h5><i><span style=\"font-weight: 300;\">Vimal (Co-Founder &amp; COO) with Tejasvi Surya, Lok Sabha MP from Bangalore South<\/span><\/i><\/h5>\n<p><span style=\"font-weight: 400;\">We continue to engage with Parliamentarians from both Houses, recognising their crucial role in policy making. Our ongoing efforts focus on raising awareness, fostering understanding, and building credibility for the VDA sector. To capture the evolving government response to questions raised by Parliamentarians on Blockchain, Web3 and VDAs, CoinSwitch has refreshed and <\/span><a href=\"https:\/\/coinswitch.co\/building-blocks\/blockchain-web3-and-vdas-a-compendium-of-qnas-in-parliament-second-edition\/\"><span style=\"font-weight: 400;\">re-released<\/span><\/a><span style=\"font-weight: 400;\"> a compendium on Parliamentary Q&amp;As. This serves as a comprehensive reference for those interested in understanding the range of issues surrounding the sector and the ongoing discussions in Parliament.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We contributed to Bharat Web3 Association (BWA)\u2019s new set of guidelines on <\/span><a href=\"https:\/\/bwaind.in\/wp-content\/uploads\/2024\/12\/Fair-Trading-Guidelines-for-the-BWA.pdf\"><span style=\"font-weight: 400;\">fair trading<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/bwaind.in\/wp-content\/uploads\/2024\/11\/BWA-Cybersecurity-Guidelines.pdf\"><span style=\"font-weight: 400;\">cybersecurity guidelines<\/span><\/a><span style=\"font-weight: 400;\">. This aligns with our goal to build a safer, more transparent Web3 ecosystem by fostering collaboration among industry stakeholders. CoinSwitch is <\/span><a href=\"https:\/\/x.com\/ashish343\/status\/1868912717282828436\"><span style=\"font-weight: 400;\">also part of <\/span><\/a><span style=\"font-weight: 400;\">the recently-launched Alliance for Blockchain and Crypto Defence (ABCD).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2024 has been positive for the virtual digital assets industry, and the anticipated release of the Discussion Paper on cryptoasset regulations brings optimism for what 2025 holds. At CoinSwitch, we remain committed to collaborating with stakeholders, including policymakers and regulators, to develop balanced and effective regulations for cryptoasset in India, finding an equilibrium between fostering innovation and managing potential risks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As we look forward to 2025, we have created a comprehensive calendar outlining the key events and reports that will shape the Web3, blockchain, and VDA industry. This calendar will help track the significant regulatory developments and milestones set to unfold throughout the year.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b><br \/>\nPublic Policy Tracker 2025\u00a0<\/b><\/h3>\n<table style=\"height: 1095px;\" width=\"943\">\n<tbody>\n<tr>\n<td rowspan=\"6\"><b>JFM 2025<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Budget Session of Parliament<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Economic Survey (Jan 31) and Union Budget (Feb 1)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">First G20 FMCBG meeting (Feb 26 and 27)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">FATF Plenary (Feb 17-21)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">FATF event-Private Sector Collaborative Forum 2025, Mumbai (March 27)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Release of FSB work plan for 2025<\/span><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"6\"><b>AMJ 2025<\/b><\/td>\n<td><span style=\"font-weight: 400;\">2nd G20 FMCBG meeting (April 23-24)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Release of FSAP report<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IOSCO work plan released<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">National Risk Assessment Report (confidential report)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">FATF Plenary (June 10-14)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">RBI Financial Stability Report<\/span><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\"><b>JAS 2025<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Monsoon Session of Parliament<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">3rd G20 FMCBG meeting (July 18-19)<\/span><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"6\"><b>OND 2025<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Global Forum Plenary in India<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IMF Global Stability Report<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">4th G20 FMCBG meeting (Oct 15-16) &amp; G20 Summit (Nov 22-23)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">FATF Plenary (Oct 20-24)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Winter Session of Parliament<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">RBI Financial Stability Report<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><i><span style=\"font-weight: 400;\">Tentative, indicative list; subject to change<\/span><\/i><\/h5>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The intersection of policy and market sentiment became strikingly evident in the year 2024, as Donald Trump\u2019s re-election to the U.S. presidency ignited a pro-crypto asset wave that pushed Bitcoin \u2013 the largest digital asset by market cap \u2013 past the $100k mark. This remarkable milestone underscored the impact of supportive administration on market dynamics [&hellip;]<\/p>\n","protected":false},"author":107,"featured_media":21239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6685],"tags":[],"class_list":["post-21211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-public-policy"],"acf":{"json_ld_schema":"","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":{"ID":21237,"id":21237,"title":"Banner-2024 Wrap- How CoinSwitch Advanced the Cause of Cryptoasset Regulations","filename":"Banner-2024-Wrap-How-CoinSwitch-Advanced-the-Cause-of-Cryptoasset-Regulations.png","filesize":36501,"url":"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Banner-2024-Wrap-How-CoinSwitch-Advanced-the-Cause-of-Cryptoasset-Regulations.png","link":"https:\/\/coinswitch.co\/building-blocks\/2024-wrap-how-coinswitch-advanced-the-cause-of-cryptoasset-regulations\/banner-2024-wrap-how-coinswitch-advanced-the-cause-of-cryptoasset-regulations\/","alt":"","author":"107","description":"","caption":"","name":"banner-2024-wrap-how-coinswitch-advanced-the-cause-of-cryptoasset-regulations","status":"inherit","uploaded_to":21211,"date":"2025-01-03 08:56:56","modified":"2025-01-03 08:56:56","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/coinswitch.co\/building-blocks\/wp-includes\/images\/media\/default.png","width":1120,"height":430,"sizes":{"thumbnail":"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Banner-2024-Wrap-How-CoinSwitch-Advanced-the-Cause-of-Cryptoasset-Regulations-150x150.png","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Banner-2024-Wrap-How-CoinSwitch-Advanced-the-Cause-of-Cryptoasset-Regulations-300x115.png","medium-width":300,"medium-height":115,"medium_large":"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Banner-2024-Wrap-How-CoinSwitch-Advanced-the-Cause-of-Cryptoasset-Regulations-768x295.png","medium_large-width":768,"medium_large-height":295,"large":"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Banner-2024-Wrap-How-CoinSwitch-Advanced-the-Cause-of-Cryptoasset-Regulations-1024x393.png","large-width":800,"large-height":307,"1536x1536":"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Banner-2024-Wrap-How-CoinSwitch-Advanced-the-Cause-of-Cryptoasset-Regulations.png","1536x1536-width":1120,"1536x1536-height":430,"2048x2048":"https:\/\/coinswitch.co\/building-blocks\/wp-content\/uploads\/2025\/01\/Banner-2024-Wrap-How-CoinSwitch-Advanced-the-Cause-of-Cryptoasset-Regulations.png","2048x2048-width":1120,"2048x2048-height":430}},"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"Beginner","post_author":[89],"guest_author":false,"hide_toc":false,"related_stories_from_category_or_tags":"cat","select_category":6685},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2024 Wrap: How CoinSwitch Advanced the Cause of Cryptoasset Regulations - Building Blocks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinswitch.co\/building-blocks\/2024-wrap-how-coinswitch-advanced-the-cause-of-cryptoasset-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 Wrap: How CoinSwitch Advanced the Cause of Cryptoasset Regulations - Building Blocks\" \/>\n<meta property=\"og:description\" content=\"The intersection of policy and market sentiment became strikingly evident in the year 2024, as Donald Trump\u2019s re-election to the U.S. presidency ignited a pro-crypto asset wave that pushed Bitcoin \u2013 the largest digital asset by market cap \u2013 past the $100k mark. 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