Bitprismia

Web3 Firm Hashed Emergent Drafts a Crypto Law It Hopes India Will Adopt

2025-07-22 15:34:13

Main Idea

Web3 firm Hashed Emergent has proposed the 'COINS Act' to provide regulatory clarity for crypto in India, including the creation of a dedicated authority and balanced oversight for exchanges and DeFi.

Key Points

1. Hashed Emergent and policy group Black Dot drafted the 'COINS Act' to define digital asset rights and establish 'crypto-native constitutional rights' in India.

2. The proposal suggests forming the Crypto Assets Regulatory Authority (CARA) to oversee crypto activities within India, excluding fully decentralized protocols.

3. The COINS Act outlines differentiated regulatory oversight for exchanges and non-custodial (DeFi) protocols, with lighter rules for the latter.

4. The draft includes a 'safe harbor' provision for Indian-origin ICOs and proposes a Strategic Bitcoin & Crypto-asset Reserve to secure India's crypto sovereignty.

5. The law aims to balance regulation without stifling innovation while ensuring India maintains a strong position in the global crypto market.

Description

Web3 firm Hashed Emergent has proposed a new model law, the “COINS Act,” for crypto in India This private sector proposal includes creating a dedicated regulator and a “safe harbor” for ICOs The industry-drafted Act also calls for a national Strategic Bitcoin Reserve A new model law called the COINS Act has been proposed to bring clarity and structure to India’s digital asset regulatory environment. The draft law, announced this week by Web3 firm Hashed Emergent and policy group Black Dot, seeks...

>> go to origin page
Tags:
Market Market News News Crypto Regulation India
📱 Full Version
$BTC
$117687.0
-0.83%

Coin Edition

coinedition.com

Latest News

More Reading