India Panel Proposes SRO-Led Crypto Watchdog Weeks After RBI Warning
- India’s Parliamentary Finance Committee proposes an interim SRO-Led framework to oversee crypto assets.
- Crypto is taxed and under AML rules but lacks formal statutory status, exposing investors to fraud risks.
- The proposal aims to boost investor protection by clarifying VDA, crypto, and tokenized securities rules.
India’s Parliamentary Standing Committee on Finance has proposed for a Self-Regulatory Organisation (SRO) to oversee cryptocurrencies and virtual digital assets (VDAs) industry as an interim measure. The committee’s proposal comes weeks after the Reserve Bank of India (RBI) reiterated its concerns over cryptocurrencies before the same parliamentary panel.
India Committee Proposes SRO-Led Framework for Crypto Assets
On July 23, 2026, India’s Parliamentary Finance Committee submitted Report No. 36, recommending a transitional regulatory framework for …
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