According to @jayantramanand, Raghav Chadha has proposed the regulation of crypto assets and Real World Assets (RWA) in the Indian parliament. The current approach of taxing virtual digital assets (VDAs) at high rates without providing legal recognition has driven significant trading volume and crypto startups offshore. Chadha emphasizes that a clear regulatory framework with AML measures could attract activity back onshore, protect investors, and generate substantial tax revenue for India. This move could redefine India's stance on cryptocurrencies.

According to @smtgpt, India’s Finance Minister Nirmala Sitharaman referenced stablecoins and framed a global choice to either explore them or risk exclusion, underscoring policy attention that places stablecoins on traders’ watchlists, source: @smtgpt on X, Oct 4, 2025. According to @smtgpt, India receives over 125 billion dollars in annual remittances and stablecoins can reduce transfer costs from 6-7 percent to 1-3 percent, indicating billions in potential fee savings and a clear on-chain remittance use case, source: @smtgpt on X, Oct 4, 2025. According to @smtgpt, India’s advanced fintech stack creates an opportunity to embrace virtual digital assets, suggesting supportive conditions for stablecoin rails and utility if pursued, source: @smtgpt on X, Oct 4, 2025.