India Taxes Crypto. But Who Is Accountable When Things Go Wrong?

India has built a tax and monitoring framework for crypto assets but lacks a comprehensive legal framework defining investor rights, asset custody standards, and exchange accountability—a gap exposed by the WazirX $230m hack. The RBI's opposition to legalising private cryptocurrencies is rooted partly in this absence of market conduct regulation and investor protection mechanisms.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.