Crypto exchanges hail government’s SRO proposal as most ‘practical’ interim measure for VDA

Crypto exchanges hail government’s SRO proposal as most ‘practical’ interim measure for VDA

India proposes self-regulatory organizations (SROs) as interim VDA regulator, recognizing cryptocurrencies fall outside traditional securities frameworks. SROs' lack of investigative and penalty powers makes this a stopgap; permanent legislation remains critical for compliance and institutional adoption.