According to @simplykashif, India is rechecking its Virtual Digital Assets (VDA) rules to improve safety, cover foreign platforms, and align with G20 standards, with policymakers discussing a risk-based framework, licensing for exchanges and custodians, conduct rules, RWA-focused rules, and stronger data and reporting systems (source: @simplykashif). According to @simplykashif, current coverage is largely tax (30% plus 1% TDS) and AML checks, leaving consumer protection and market conduct gaps unaddressed for traders and platforms (source: @simplykashif). According to @simplykashif, key issues under review include the absence of unified investor-protection rules, unregulated trading activity, and user migration to offshore exchanges driven by tax burdens (source: @simplykashif). According to @simplykashif, suggested safeguards include clearer custody rules, defined insolvency procedures, improved disclosures, proof-of-reserves clarity, and tighter controls on leverage and liquidity, all directly relevant to exchange operations and trading conditions (source: @simplykashif). According to @simplykashif, India has over 100 million crypto users and a formal policy review may shift oversight from tax-heavy to a more investor-focused VDA framework aimed at improving safety, transparency, and trust, which would reshape onshore oversight of both domestic and foreign platforms serving Indian users (source: @simplykashif).