Wire · regulatory
India Taxes Crypto. But Who Is Accountable When Things Go Wrong?
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Fusion42 · 27 July 2026 · Fusion42 review
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.
◆ ◆ The Wire takeaway
If you're building fintech or crypto infrastructure in India, the legal ground beneath your business is unsettled—and a court will decide the next big dispute, not statute. That means your liability, your customer's rights, and your exit terms are all still being written by judges, not regulators.
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1 source · 27 Jul 2026
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