A new research report from Gujarat National Law University highlights the urgent need for a systematic and clear regulatory framework for crypto assets in India, given their rapid adoption. According to Professor S. Shanthakumar, the university's president, nearly 120 million people in India are already using crypto assets, but a unified legal framework is lacking, posing challenges to market risk and consumer protection. The report provides an in-depth analysis of India's current policy stance on crypto assets and proposes five feasible regulatory models, covering institutional coordination, inter-departmental cooperation, and technology-neutral principles, aimed at balancing innovation incentives and financial stability.
The study emphasizes that reasonable regulation can not only curb illicit financial flows and enhance user security but also provide institutional ground for innovative applications of blockchain technology, promoting the long-term development of India in the digital finance sector.
Gujarat National Law University Calls for Clear Crypto Regulatory Framework in India
Gujarat National Law University releases a report calling for a clear cryptocurrency regulatory system in India, proposing five feasible models that balance innovation incentives and financial security, responding to the needs of a market of nearly 120 million users.