The post India Proposes Bold New Crypto Framework With COINS Act appeared first on Coinpedia Fintech News
India’s crypto ecosystem just got a major boost. Web3 firm Hashed Emergent and policy group Black Dot have introduced the COINS Act, a first-of-its-kind model law designed to promote clarity, innovation, and user rights. This is a big step toward establishing a progressive and consistent approach to Web3 policy in the country.
COINS Act Pushes For Crypto Rights
The draft law prioritizes user rights and innovation, while providing regulators with a clear path to follow. Although it is non-binding, the Act offers a clear framework for digital rights like self-custody, protocol access, and financial privacy. It also addressed key issues like high taxes, unclear regulations, and the need for a crypto regulator.
Here’s what the COINS Act proposes:
Digital Rights at the Core: The Act firmly protects key crypto-native rights like self-custody, privacy, and the freedom to
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