With India on the brink of releasing its much-anticipated discussion paper on crypto-assets, the regulatory landscape is entering a decisive phase. According to Sumit Gupta, Co-founder and CEO of CoinDCX, this is a moment of immense opportunity, one that could define India’s leadership in the global Web3 ecosystem. 

Earlier, under India’s G20 Presidency, global standard-setters made a significant move toward alignment with the release of the IMF-FSB Synthesis Paper on Policies for Crypto-Assets, now widely seen as the most comprehensive global blueprint to address crypto-related risks and challenges.

This document doesn’t propose new rules. Instead, it consolidates existing guidance from the IMF, FSB, FATF, IOSCO, and BIS into a…