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The launch of the Bharat Web3 Association’s Self-Regulatory Body (SRB) marks an important step towards strengthening governance, accountability and responsible growth in India’s Virtual Digital Asset (VDA) ecosystem.
The SRB’s charter is to promote responsible industry practices through a structured framework covering key areas such as consumer protection, token listing, market integrity, cybersecurity and responsible marketing.
More details on the BWA SRB, including its charter, governance framework and objectives, are available on the BWA website: bwaind.in/self-regulatory-bo…
Today, Bharat Web3 Association (BWA) officially launched its Self-Regulatory Body (SRB), marking an important milestone in advancing responsible governance and self-regulation in India’s Virtual Digital Asset (VDA) sector.
The SRB will focus on strengthening industry practices across cybersecurity, token listing, fair trading, consumer protection and responsible marketing.
We extend our sincere thanks to all BWA members for their continued trust, support and commitment to this initiative as we work collectively towards a more transparent, secure and responsible VDA ecosystem in India.
As India’s VDA industry evolves, consistent guidelines, strong compliance practices and effective safeguards will be essential to building trust and enabling responsible growth.
With this objective at it’s core, the Bharat Web3 Association (BWA) has established a Self-Regulatory Body (SRB) to strengthen industry practices, ensure consistent adherence and promote greater accountability among its members
BWA is privileged to have Shri Rohit Kumar Singh IAS (retd.), former Secretary to the Government of India, and Dr. Praggya Das, former Adviser-in-Charge of the Monetary Policy Department at the RBI, as SRB Chairperson and Member respectively.
This is only a beginning, but an important step in BWA’s commitment to developing a responsible, compliant and sustainable VDA sector in India.
Bharat Web3 Association retweeted
Most of us have received a message that makes us stop for a second.
"Your bank account will be blocked." "Your KYC has expired." "Click here to fix it."
These messages are designed to make us act first and think later. And in that moment, anyone can be vulnerable to a scam.
As a financial platform, we think our responsibility goes beyond building products that people use to manage their money. It also means helping people understand the risks they may encounter while navigating the digital world.
In 2025, India recorded 24.02 lakh financial cyber fraud complaints, with reported losses of ₹22,495 crore. Behind these numbers are people who may have lost money they worked hard to earn.
That’s why we’re launching SafeSwitch at @CoinSwitch and @LemonnHQ during this National Cybersecurity Awareness Month.
The idea is simply to help people build the habit of stopping, checking and verifying before they act.
SafeSwitch brings together an interactive quiz to help people recognise common scam tactics, a website checker to assess suspicious links and websites, and guidance on how to report cyber fraud.
We’re also taking these conversations to our employees, users and the wider public. Because knowing what to look out for is an important first step towards staying safer online.
We know one platform or campaign can’t prevent every scam. But if it helps someone pause before clicking a suspicious link, question a message that doesn’t feel right, or know where to report fraud, it’s a step worth taking.
That’s what STOP. CHECK. VERIFY. means to us, making digital safety a more familiar part of everyday life.
Start with yourself. Take the SafeSwitch quiz now. Link in the comments.
@SagarVimal @govind1246
The U.S. Securities and Exchange Commission (SEC), through its Division of Examinations, has released its Examination Priorities for Fiscal Year 2027.
The document outlines key areas of focus for examinations across investment advisers, investment companies, broker-dealers, self-regulatory organisations and other market participants. It also identifies cross-sector risk areas, including cybersecurity, emerging financial technology, the use of artificial intelligence, tokenisation of securities and operational resilience.
Access the document: sec.gov/files/2027-exam-prio…
The UK’s Financial Conduct Authority (FCA) has opened consultations on guidance for decentralised finance (DeFi) firms concerning compliance with anti-money laundering and financial crime requirements.
The FCA has also launched a consultation on exclusions from cryptoasset regulation, citing recent legislative changes in the UK.
Read more: fca.org.uk/publications/guid…
Australia has released the draft Treasury Laws Amendment Bill 2026: Tax Information Reporting, which proposes the implementation of the OECD’s Crypto-Asset Reporting Framework (CARF) in Australian law and the introduction of a domestic crypto-asset reporting regime.
The draft legislation would establish a framework for the automatic exchange of crypto-asset tax information between countries. The bill is open for public consultation until 28 October 2026.
Source: cointelegraph.com/news/austr…
#CryptoRegulation #DigitalAssets #CryptoTaxation #OECD #CARF #Australia
South Korea’s Financial Services Commission has proposed detailed regulations for issuing and trading tokenized securities ahead of the country’s new regulatory framework taking effect in February 2027. The proposed rules would enable stocks, bonds, funds and certain fractional investment securities to be issued and traded in tokenized form.
Issuers directly managing customer accounts would be required to maintain minimum equity capital of KRW 4 billion (approximately US$2.8 million) and employ dedicated compliance and technology personnel.
Source: fsc.go.kr/eng/pr010101/87834
The European Securities and Markets Authority (ESMA) has advised EU national regulators to require crypto firms to cease providing services involving stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA), including holding such assets for customers.
Firms must address existing exposures to non-compliant stablecoins as soon as possible and no later than 8 January 2027, giving them approximately three months to comply.
Source: esma.europa.eu/sites/default…
Australia’s Securities and Investments Commission (ASIC) has proposed extending existing retail investor protections for contracts for difference (CFDs) to certain contracts settled through digital asset transfers.
The proposed amendments would cover qualifying crypto-settled CFDs, including those linked to non-crypto assets, where the other criteria for a CFD are met. These products would consequently be subject to applicable safeguards, including leverage limits and other retail investor protections.
Read more: asic.gov.au/regulatory-resou…
Sealing offshore tax leakage without restoring domestic competitiveness simply relocates trading volume rather than solving the problem. To fix the current framework, enforcement architecture and tax design must move together through a two-pronged strategy: closing structural loopholes while recalibrating punitive tax rates to bring investors back to compliant domestic exchanges.
Key reform measures include closing the P2P loophole under Section 393, requiring offshore platforms targeting Indian users to register domestically via amendment in Corporate Amendment Bill 2026, reducing the TDS rate to 0.01%, and allowing loss set-offs. The revenue logic is clear: a lower tax rate applied to a substantially larger, compliant base will generate far more sustainable exchequer revenue than a high tax rate on a rapidly shrinking domestic market.
Link to full report: admin.taxindiaonline.com/Upl…
@CoinSwitch @CoinDCX @Delta_Exchange @coinbase
#VDATaxation #TaxPolicy #CryptoIndia
#FiscalReform #TKFReport
VDA TDS collections are highly concentrated. In FY 2024-25, just five states (Maharashtra, Karnataka, Gujarat, Delhi, Rajasthan) accounted for over 97% of all collections, highlighting the narrow, urban base of domestic compliance.
Link to full report: admin.taxindiaonline.com/Upl…
@CoinSwitch @CoinDCX @Delta_Exchange @coinbase
#TDS #VDATax #FiscalPolicy #TKFReport
The gap in VDA tax collection is compounding rapidly. Cumulative uncollected TDS from offshore platforms has reached ₹19,049 crore since 2022, with a startling 43% of that shortfall (₹8,172 crore) accruing in just the last nine months alone.
Link to full report: admin.taxindiaonline.com/Upl…
#TaxGap #OffshoreEvasion #VDATaxation #TKFReport
@CoinDCX @coinbase @Delta_Exchange @CoinSwitch
The overall loss to the Indian exchequer from VDA activity has reached an estimated ₹57,147 crore.
This compounding shortfall is not just about uncollected TDS; it also factors in unreported capital gains from a ₹19.04 lakh crore unreported turnover.
Link to full report: admin.taxindiaonline.com/Upl…
@CoinSwitch @CoinDCX @Delta_Exchange @coinbase
#RevenueLoss #TaxCompliance #FiscalDeficit #TKFReport
The US Securities and Exchange Commission (SEC) has updated its FAQs on the application of federal securities laws to certain crypto assets and crypto-related transactions. The FAQs provide staff guidance on the SEC’s March 2026 interpretive release, including the classification of crypto assets and the application of investment contract principles.
The updated guidance also addresses token buyback programmes, stating that where a crypto system is functional, an issuer’s announcement of a non-security crypto asset buyback would not constitute a representation or promise to undertake essential managerial efforts. The SEC states that the FAQs are non-binding and do not create new legal obligations.
Read more: cointelegraph.com/news/sec-c…
#Crypto #DigitalAssets #SEC #CryptoRegulation #Securities #Web3 #VirtualDigitalAssets
95% of India's VDA trade in FY 2025-26 was on offshore exchanges outside Indian tax reach: Rs. 9,00,100 crore offshore vs Rs. 51,446 crore on compliant domestic exchanges.
Source: TKF Report, Impact of Taxation on Virtual Digital Assets in India tkfapi.taxindiaonline.com/up…
@ashish343 @SagarVimal @smtgpt @CoinDCX @CoinSwitch @Delta_Exchange @coinbase
Offshore VDA trade volume has accelerated, with compliant domestic platforms handling 5.4% of India’s total trading volume, worth ₹51,446 crore in FY 2025-26. The massive market share has shifted to non-compliant offshore platforms.
Link to the report
lnkd.in/gXURu9NN
#VDA #Taxation #CryptoIndia #TKFReport
@chenoy_dilip @smtgpt @cbkir2003 @ashish343 @pankaj_delta_ex
@TweetOfTheTokas @Lakshay_N
@CoinSwitch @CoinDCX @Delta_Exchange @coinbase
The UK Financial Conduct Authority (FCA) has opened applications for crypto firms seeking authorisation under the UK’s new cryptoasset regulatory framework.The framework will cover consumer protection, safeguarding, market integrity and financial resilience. Firms intending to continue operating in the UK must apply by 28 February 2027, ahead of the new regime coming into force on 25 October 2027.
Read more: fca.org.uk/news/press-releas…
#Crypto #DigitalAssets #CryptoRegulation #FCA #UK #Web3 #FinancialRegulation
