What India’s VDA Review Is Really Targeting

[cryptoenthusiast]

Regulators are dissecting several issues: consumer protection gaps, unregulated trading activity, high-risk stablecoin usage, offshore platforms avoiding oversight and an RWA market with zero regulation. The review may introduce licensing for exchanges, stricter custody norms, unified disclosure rules, leverage monitoring and clearer procedures for exchange insolvency.

[Abdul Khan]

The review looks focused on tightening compliance loopholes.

[Nahid Hossen]

India wants clarity, but also control—that’s the message here.