A new model framework called the COINS Act standing for Crypto systems Oversight, Innovation and Strategy has been released by Indian blockchain advocates as a blueprint for future crypto regulation in India.
Drafted by policy design firm Black Dot in partnership with Web3 venture Hashed Emergent, the COINS Act proposes multiple reforms: elimination of current 30% capital gains rates, introduction of self custody rights, the formation of a dedicated crypto regulator (CARA), and a two year safe harbor for token issuers. It also suggests adding Bitcoin to national reserves and streamlining approval processes for exchanges and wallets.
Currently non binding, the act is intended to guide lawmakers amid heated public debate over India’s crypto posture. Advocates hope it will drive clarity, safeguard investor protections, and encourage domestic economic growth in Web3 and DeFi sectors.
Market reactions have been positive. Local exchanges, DeFi startups, and investors are calling it “a much needed reset” that balances innovation and regulation. Still, formal adoption by the Indian Parliament will require intense negotiation especially with the Reserve Bank of India.
If embraced, the COINS Act could catalyze India’s transition from cautious restriction to progressive engagement with global digital asset markets.
