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The Govt of India answers a parliamentary Qs. regarding the introduciton of web3 regs in India. Takeaways: (1) legacy laws re- IT, income tax, GST, PMLA, companies already amended; (2) waiting for international consensus and coordination (G20, etc); (3) might see a discussion paper; (4) formal and informal consultations with industry ongoing(can attest to this); (5) no specific timeline. Not sure how I feel about this, its something... Where do your jurisdictions compare? Where is the regulatory arbitrage today?
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