Gandhinagar, Gujarat — Gujarat National Law University (GNLU) has begun a major consultative effort to shape India’s emerging crypto asset regulatory framework, convening its first Advisory Board Consultation alongside a Regional Stakeholder Consultation as part of a national research project. Meetings took place in Gandhinagar and Bengaluru.
Both consultations are components of GNLU’s interdisciplinary study, Assessing the Case for Regulation of Crypto Assets in India, led by GNLU Director S Shanthakumar and a research team with legal, commercial and technological expertise. The project reviews current legal and regulatory arrangements for virtual digital assets (VDAs) and aims to produce an evidence-based model to guide future policy.
The Advisory Board discussed gaps in the existing regime and examined measures to improve investor protection, maintain market integrity, strengthen enforcement, and support innovation while preserving financial stability. Members included former Supreme Court Justice M. R. Shah, former Gujarat High Court Judge Ravi Tripathi, former Gujarat Chief Secretary Rajkumar, former Additional Chief Secretary J.P. Gupta, former DGP and Anti-Corruption Bureau Director Keshav Kumar, along with cybersecurity professionals, academics, tech entrepreneurs and cyberlaw specialists.
Key themes that emerged were the need for clearer statutory definitions of crypto assets, better coordination among regulatory authorities, simplification of taxation, stronger consumer safeguards, improved dispute resolution procedures and enhanced mechanisms for cross-border compliance.
The Regional Stakeholder Consultation in Bengaluru, a hub for India’s blockchain and crypto industry, brought together exchange operators, technology providers, service firms and industry professionals to share practical perspectives on market challenges, operational constraints and priorities for reform.
Findings from both rounds of consultations will feed into the project’s final policy recommendations. Shanthakumar said the research aims to help India build balanced regulatory frameworks that allow technological progress while ensuring adequate safeguards as the country moves toward a more structured crypto regime.
This report is based on a syndicated news feed published as received.
