As India gears up to release its discussion paper on crypto-assets, regulatory clarity is at a crucial turning point. Coined as the “moment of immense opportunity” by Sumit Gupta, CEO of CoinDCX, this moment could significantly shape India’s role in the global Web3 ecosystem. Aligned with the IMF-FSB Synthesis Paper on Crypto-Asset Policies, which provides a comprehensive roadmap for phased implementation through 2025, the discussion paper presents nine high-level recommendations focused on risk-based regulation and data-driven oversight. This will allow India to either align with this evolving global approach or risk losing out on a potential trillion-dollar opportunity. ]