Gujarat National Law University Report Urges Clear Crypto Regulation in India

TheNewsCryptoОпубликовано 2026-03-11Обновлено 2026-03-11

Введение

A recent report from Gujarat National Law University, produced with the Society of Indian Law Firms, urges India to establish a clear regulatory framework for crypto-assets. It highlights that approximately 120 million Indians are already using cryptocurrencies despite the absence of comprehensive regulation. The report argues that the current regulatory gap has negatively impacted capital flows, industry growth, and innovation. It proposes a multi-agency regulatory model rather than oversight by a single body, given the cross-disciplinary nature of crypto involving markets and payments. The recommended approach emphasizes institutional coordination to enhance consumer protection, address illicit finance, and support blockchain innovation.

A recent project research from Gujarat National Law University advises India to create a clear crypto-asset regulatory framework, proposes a systematic framework for regulation, and provides a thorough analysis of India’s actual stance on crypto-assets.

The project report, titled “Crypto-Assets in India: Assessing the Case for Regulation.” Which was prepared in association with the Society of Indian Law Firms. Meanwhile, the Senior judges, prominent lawyers, policy experts, and leaders of the digital asset sector convened at the launch event to discuss the future direction of crypto regulation in India.

Rising Crypto Adoption in India

The report highlights the extent of cryptocurrency acceptance in India, according to Prof. S. Shanthakumar, Director of Gujarat National Law University, nearly 12 crore Indians are already using crypto assets despite the absence of a comprehensive regulatory framework. He added, “The report ultimately presents five possible regulatory models, leaving policymakers with practical options to consider while shaping India’s approach to crypto regulation.”

Many major economies have implemented explicit crypto-asset laws informed by comparative regulatory models and global policy trends. India established measures and extended anti-money laundering obligations to crypto, but its lack of a clear, comprehensive crypto framework has affected capital flows, industry development, and innovation, as per the report.

Report Calls for Balanced Crypto Regulation

Meanwhile, Kalyanjit Hatibaruah, Web3 Technology Management Consultant, shared an AI video on LinkedIn that summarized the report. Which pointed out that the report concludes that since the crypto industry combines a variety of domains, including markets and payments, it cannot be regulated by a single body. Following consultations with senior officials and authorities, the report suggests a multi-agency regulatory model.

The report finally calls for a calibrated regulatory approach that includes institutional control and cooperation between different authorities, because it says that could improve consumer protection, address issues with illicit finance stability, and promote the overall growth of blockchain-based innovation.

Highlighted Crypto News Today:

Filecoin (FIL) Slides 8%: Can Support Hold or Will Bears Push the Price Below $5?

Связанные с этим вопросы

QWhat is the main recommendation of the Gujarat National Law University report regarding crypto-assets in India?

AThe report recommends that India create a clear and comprehensive regulatory framework for crypto-assets.

QHow many Indians are estimated to be using crypto assets according to Prof. S. Shanthakumar?

ANearly 12 crore (120 million) Indians are estimated to be using crypto assets.

QWhat type of regulatory model does the report suggest for the crypto industry and why?

AThe report suggests a multi-agency regulatory model because the crypto industry combines various domains like markets and payments, making it impossible for a single body to regulate effectively.

QWhat are some of the negative impacts of India's lack of a clear crypto framework mentioned in the report?

AThe lack of a clear framework has negatively affected capital flows, industry development, and innovation in India.

QWhat key benefits does the report say a calibrated regulatory approach could provide?

AA calibrated regulatory approach could improve consumer protection, address issues with illicit finance stability, and promote the overall growth of blockchain-based innovation.

Похожее

IREN's Insanity: Selling Miners, Buying GPUs, Stock Price Up 16%

IREN, a Bitcoin mining company, saw its stock price surge 16% after releasing its quarterly earnings on May 8th. The surge was not driven by Bitcoin's price, but by the company's radical strategic shift away from cryptocurrency mining and towards AI infrastructure. The company reported a $140 million impairment charge after decommissioning and listing for sale 5,800 of its Bitmain S21 Pro mining rigs. It also maintains a policy of selling all mined Bitcoin daily, holding zero crypto assets. Despite this dismantling of its core business, investor sentiment was positive due to IREN's aggressive pivot into AI. This shift is backed by massive, long-term contracts. IREN announced a new 5-year, $3.4 billion collaboration with NVIDIA, which includes an equity investment commitment. This follows a previously secured 5-year, $9.7 billion GPU cloud services agreement with Microsoft. To support these deals, IREN acquired European data center capacity and cloud software capabilities. Management targets 480 megawatts of AI capacity, 150,000 GPUs, and $3.7 billion in annual recurring revenue by late 2026. While other North American miners are exploring hybrid "mining + AI" models, IREN is making a clean break, betting entirely on the booming demand for AI compute power. The move highlights a broader industry trend where the value of mining hardware is declining while GPU-based AI infrastructure is in critically short supply.

marsbit8 мин. назад

IREN's Insanity: Selling Miners, Buying GPUs, Stock Price Up 16%

marsbit8 мин. назад

Saylor Says Strategy’s Bitcoin Credit Model Is Not A Ponzi Scheme

Michael Saylor defended MicroStrategy's Bitcoin-backed credit model against criticisms that it resembles a Ponzi scheme, emphasizing the company monetizes Bitcoin's capital gains rather than relying on perpetual equity issuance. He clarified his famous "never sell your Bitcoin" stance, stating the more precise strategy is to never be a *net seller*. The company's recent announcement that it might sell Bitcoin to fund dividends on its STRC preferred instrument sparked debate. Saylor explained the core model: issuing credit to buy Bitcoin, expecting its long-term appreciation to exceed dividend costs, analogous to a real estate firm. He argued that even if Bitcoin is sold for dividends, ongoing credit issuance ensures the company remains a net buyer, especially if Bitcoin appreciates more than the dividend yield. Saylor dismissed critics like Peter Schiff, stating their objections stem from rejecting Bitcoin's legitimacy itself. He described STRC as overcollateralized "digital credit" designed to offer yield while mitigating volatility.

bitcoinist9 мин. назад

Saylor Says Strategy’s Bitcoin Credit Model Is Not A Ponzi Scheme

bitcoinist9 мин. назад

Dissecting Circle's Q1 Earnings Report: After the Interest Rate Dividend Ebbs, USDC Prepares for a Big Chess Game

Title: Circle Q1 2026 Earnings: Shifting Strategy as Interest Rate Windfall Subsides Circle reported its Q1 2026 financial results. While total revenue and reserve income of $694M slightly missed expectations, adjusted EBITDA grew 24% to $151M. A key trend is the decline in reserve income due to lower Federal Reserve interest rates, which Circle is countering by diversifying its revenue streams. Notably, non-interest "Other Revenue" hit a record $42M. USDC's circulation reached 77 billion, up 28% year-over-year, but its on-chain transaction volume surged 263% to $21.5 trillion, indicating significantly higher utilization in payments and DeFi. Financially, the core RLDC Margin improved to 41%, showing better cost control. However, operating expenses nearly doubled, partly due to post-IPO stock compensation costs. Looking ahead, Circle is expanding beyond being a simple stablecoin issuer. It highlighted the $222M presale for its Arc Network (valued at $3B) and launched new services like Managed Payments and the "Agent Stack" for AI-driven commerce. The company's strategy is evolving to position USDC as the foundational dollar network for the internet, targeting broader payment, enterprise, and AI agent economies.

marsbit34 мин. назад

Dissecting Circle's Q1 Earnings Report: After the Interest Rate Dividend Ebbs, USDC Prepares for a Big Chess Game

marsbit34 мин. назад

Deciphering Circle's Q1 Financial Report: After the Interest Rate Dividend Ebbs, USDC Is Planning a Grand Strategy

Circle's Q1 2026 financial report shows total revenue and reserve income of $6.94 billion, slightly below expectations, with net profit at $550 million, down 15% year-over-year. The company attributes the slowdown in revenue growth to declining reserve asset yields following a Federal Reserve rate cut. However, other revenue streams reached a record $420 million, indicating a diversification away from interest dependence. Key operational highlights include USDC's circulating supply reaching 77 billion, a 28% annual increase, while its on-chain transaction volume surged 263% to $21.5 trillion, showing significantly higher usage frequency. Circle's core RLDC Margin improved to 41%, reflecting better cost control. Looking beyond interest rate reliance, Circle is expanding into new areas. Its Arc Network completed a $2.22 billion ARC token presale at a $30 billion valuation. The company also launched Agent Stack, an infrastructure suite for AI Agent economies, and its Circle Payments Network (CPN) shows an estimated annual transaction volume of $83 billion. The report suggests Circle's strategy is evolving from merely issuing a stablecoin to building USDC into a foundational dollar network for the internet, targeting cross-border payments, enterprise settlement, and the emerging AI-driven economy.

Odaily星球日报37 мин. назад

Deciphering Circle's Q1 Financial Report: After the Interest Rate Dividend Ebbs, USDC Is Planning a Grand Strategy

Odaily星球日报37 мин. назад

Virtuals Is Not Really Doing AI Agent, But the Capital Market for AI Agent

Virtuals is not fundamentally an AI Agent platform, but a capital market for AI Agents. Its core innovation is transforming AI Agents from functional tools into tradable assets that can be issued, owned, traded, and community-driven. This creates a Crypto-native growth model: narrative drives asset creation, speculation fuels initial distribution, and community members become stakeholders, fostering viral spread. The project is evolving beyond being a simple launchpad. Through its Agent Commerce Protocol (ACP), it aims to build a commercial network where Agents can collaborate, provide services, and settle payments on-chain. The concept of "Agentic GDP" (aGDP) is introduced to measure this ecosystem's economic activity. While early growth was heavily fueled by speculation and a Base chain ecosystem, Virtuals now faces a critical juncture. Market attention is shifting from its ability to generate hype to its capacity to foster real, sustainable commercial activity among Agents. Its long-term success hinges on proving that these tokenized Agents can form a genuinely productive and autonomous economy, moving beyond being merely high-volatility AI assets.

marsbit1 ч. назад

Virtuals Is Not Really Doing AI Agent, But the Capital Market for AI Agent