COINS Act Seen as Blueprint for India’s Web3 Future, Says Polygon Payments Head

BTCC / BTCC Square / Global Cryptocurrency /

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2025-07-25 09:39:01

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The COINS Act, introduced by Web3 venture firm Hashed Emergent and policy group Black Dot, aims to establish clear regulatory frameworks for India's cryptocurrency industry. The legislation focuses on anti-money laundering measures, user asset protection, and privacy safeguards—addressing long-standing ambiguities in the country's digital asset policies.

Polygon Labs' Global Head of Payments Aishwary Gupta endorsed the proposal as a pivotal step toward regulatory clarity. "The tiered approach distinguishing protocol developers, intermediaries, and custodians aligns with global standards," he noted. The Act's provisions for KYC/AML compliance and tax reforms could position India as a leader in Web3 innovation if adopted in forthcoming regulations.

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