Should India Have a Dedicated Crypto Regulatory Body?
India currently does not have a dedicated legal framework specifically governing crypto assets, while different aspects of the sector fall under existing regulatory and tax mechanisms. A Parliamentary finance panel recently recommended examining a comprehensive regulatory framework and suggested an interim self-regulatory mechanism under the oversight of an existing regulator. This has renewed the debate over whether crypto should eventually have its own dedicated regulatory body or continue to be overseen through existing institutions such as the RBI and SEBI.
