Initial Research Report (v2, revised) - Crafting a Blockchain Policy Framework for India
Abstract
Revised version of the Initial Research Report with sharpened framing and additional institutional context. Adds the three-category distinction between blockchain/DLT as infrastructure, privately issued VDAs/crypto-assets, and the RBI-issued digital rupee (e₹) as sovereign digital currency clarifying that India has not rejected blockchain or digital value systems but maintains differentiated treatment by category. Surfaces GIFT IFSC and IFSCA's FinTech Sandbox + tokenization-of-real-world-assets consultation as India's most credible near-term institutional pathway for supervised blockchain-enabled financial innovation. Operational developments (FIU-IND January 2026 AML/CFT guidance for VDA service providers, enforcement-backed posture toward offshore platforms) are integrated into the executive summary. All other sections current landscape, recent developments, comparative global approaches, regulatory gaps, stakeholder mapping remain consistent with v1.
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