Bharat Web3 Association

Apex body for leading Web3 technology companies in India | Position India as a global hub for innovation on Web3's opportunities and future.

[Bharat Web3 Association @BWA_Ind]

The U.K. House of Lords Financial Services Regulation Committee has called on the Bank of England to reconsider proposed stablecoin restrictions, recommending that holding limits be imposed only if financial stability risks clearly warrant such measures. The Committee also urged a review of the requirement for stablecoin issuers to hold at least 40% of backing assets in non-interest-bearing central bank deposits.

The Bank of England had proposed holding limits of £20,000 per stablecoin for individuals and £10 million for businesses. The Committee noted that the U.K.'s approach to stablecoin regulation should remain proportionate as the market develops, balancing financial stability considerations with innovation and competitiveness.

Source: https://t.co/TWUgwDWc2Z

#Stablecoins #VirtualDigitalAssets #DigitalAssets #UK #BankOfEngland #FinancialRegulation #Web3‌‌

[Bharat Web3 Association @BWA_Ind]

A group of lawmakers from the Japanese Liberal Democratic Party's (LDP) Parliamentary Association for the Promotion of Blockchain submitted recommendations to Finance Minister Satsuki Katayama aimed at advancing the country's digital asset ecosystem.

The recommendations cover reforms to the taxation of virtual digital assets, support for the development and adoption of yen-denominated stablecoins, the establishment of a framework for virtual digital asset exchange-traded funds (ETFs), central bank digital currencies (CBDCs), and broader blockchain applications.

The proposals also recommend increasing the leverage cap for retail virtual digital asset derivatives trading.

Source: https://t.co/CztTlZevlM

#Japan #VirtualDigitalAssets #Blockchain #Stablecoins #DigitalAssets #ETFs #CBDC #Fintech #Web3 #DigitalEconomy

[Bharat Web3 Association @BWA_Ind]

France’s financial regulator, the Autorité des Marchés Financiers (AMF), has announced that Virtual Digital Asset (VDA) service providers operating in France must obtain authorisation under the European Union’s Markets in Crypto-Assets (MiCA) framework by 30 June 2026.

AMF President Marie-Anne Barbat-Layani stated that firms that fail to secure the required licence by the deadline will be required to implement orderly wind-down plans to transfer customers and cease operations.

MiCA, which began taking effect across the European Union in 2024, establishes a harmonised regulatory framework for VDA service providers. Once authorised in one EU member state, firms can use the passporting regime to provide services across all 27 member states.

Source: https://t.co/pP5I3vIOLr

#VirtualDigitalAssets #VDA #MiCA #CryptoRegulation #DigitalAssets #EuropeanUnion #France #AMF #Fintech #FinancialRegulation

[Bharat Web3 Association @BWA_Ind]

China’s Supreme People’s Court (SPC) has stated that it will conduct in-depth research and formulate adjudication rules for cases involving virtual digital assets and cross-border finance, as part of broader efforts to strengthen judicial clarity around emerging digital economy disputes. The announcement was made during a State Council Information Office press conference on advancing rule of law priorities under China’s “15th Five-Year Plan” framework.

The SPC also said it will accelerate judicial interpretations related to civil compensation in market manipulation cases, with a focus on safeguarding capital market stability and protecting the rights and interests of small and medium investors.

Source: https://t.co/WAcpXkZ3wA

#China #VirtualDigitalAssets #DigitalAssets #Fintech #Blockchain #DigitalEconomy #CrossBorderFinance #CapitalMarkets #CryptoRegulation

[Bharat Web3 Association @BWA_Ind]

A group of U.S. lawmakers have introduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields (PARITY) Act, proposing changes to the taxation framework for digital assets and stablecoins in the United States.

The bill includes provisions related to the tax treatment of dollar-pegged payment stablecoins, digital asset lending and staking, taxation of mining and staking rewards, anti-abuse measures such as wash-sale rules, tax clarity for foreign investors trading digital assets in the U.S., and mark-to-market treatment for certain digital asset traders and dealers. The proposal comes amid broader Congressional discussions on digital asset market structure and stablecoin regulation.

Source: https://t.co/TIWLw30BtE

#DigitalAssets #Stablecoins #Taxation #Blockchain #Web3 #FinancialRegulation #PARITYAct

[Bharat Web3 Association @BWA_Ind]

@CNBC_Awaaz @Dul_dul @SagarVimal @simplykashif @sidharthsogani @CoinSwitch @officialmudrex https://t.co/YZpRnXNOwB

[Bharat Web3 Association @BWA_Ind]

BWA Chairperson Dilip Chenoy spoke at the @CNBC_Awaaz Bharat Economic Sanvaad during a panel discussion on the evolving Virtual Digital Assets ecosystem.

The Chairperson’s remarks focused on growing investor participation in the digital assets ecosystem, the importance of consumer awareness and informed decision-making before investing, as well as the need for due diligence and responsible participation. He also highlighted emerging use-cases of Web3 technologies and Bharat Web3 Association’s ongoing initiatives.

The panel also featured our members Edul Patel from Mudrex and Vimal Sagar Tiwari from CoinSwitch along with Kashif Raza and Sidharth Sogani Jain

Session link in comments.

[Bharat Web3 Association @BWA_Ind]

The Financial Conduct Authority (FCA) and the Bank of England have issued a joint vision for the use of tokenisation in UK wholesale financial markets. The initiative aims to provide regulatory and infrastructure clarity for financial firms using distributed ledger technology (DLT), including guidance on prudential treatment, tokenised collateral, settlement instruments, and digital market infrastructure.

The announcement also includes a consultation on extending RTGS and CHAPS settlement hours towards near 24/7 operations, alongside updated Prudential Regulation Authority (PRA) guidance on tokenised assets, stablecoins, deposits, and e-money innovations. Industry feedback on the joint roadmap is open until 3 July 2026.

Source: https://t.co/w3aXBVjhKO

#Tokenisation #DLT #DigitalAssets #BankOfEngland #FCA #WholesaleMarkets #Fintech #FinancialRegulation #DigitalFinance

[Bharat Web3 Association @BWA_Ind]

The U.S. Federal Reserve has proposed the creation of limited-purpose “payment accounts” that would allow certain legally eligible financial institutions — including fintech-focused and digital asset-linked banking entities — to access Federal Reserve payment services for clearing and settlement purposes.

Under the proposal, account holders would not have access to intraday credit, the discount window, or interest on balances. Payment services would also operate with automated controls to prevent overdrafts.

The proposal has been released for public comment by the Federal Reserve Board.

Source: https://t.co/7pMfEtX1Az

#FederalReserve #Fintech #DigitalAssets #Crypto #Payments #Banking #Web3 #FinancialRegulation

[Bharat Web3 Association @BWA_Ind]

The European Commission launched a public consultation on the functioning of the EU’s Markets in Crypto-Assets Regulation (MiCA), seeking feedback on whether the framework should be updated in light of developments in digital asset markets and global regulatory approaches.

The consultation invites comments from crypto-asset issuers, service providers, financial institutions, technology firms, academia, industry associations, consumer organisations, public authorities, and other relevant stakeholders until 31 August 2026.

Source: https://t.co/FaOFA3PNZg

#MiCA #CryptoAssets #DigitalAssets #CryptoRegulation #EuropeanUnion #Stablecoins #Blockchain #FintechInfrastructure

[Bharat Web3 Association @BWA_Ind]

Minnesota Governor Tim Walz has signed House File (HF) 3709 into law, permitting Minnesota-based banks and credit unions to offer certain virtual-currency custody services beginning 1 August 2026.

The law authorises financial institutions to provide virtual-currency custody services in a nonfiduciary capacity and allows the use of third-party service providers or subcustodians, subject to legal and operational segregation requirements for customer assets.

The legislation amends Minnesota statutes to formally enable state-chartered financial institutions to engage in crypto custody-related activities.

Source: https://t.co/zatMHXgUtU

#Crypto #DigitalAssets #Banking #Minnesota #CryptoRegulation #VirtualAssets

[Bharat Web3 Association @BWA_Ind]

Poland’s parliament (Sejm) has approved a government-backed bill on cryptoassets to align the country’s framework with the European Union’s Markets in Crypto-Assets (MiCA) Regulation.

The legislation was adopted during the 57th sitting of the Sejm on 15 May 2026, with 241 lawmakers voting in favour and 200 against. The bill grants the Polish Financial Supervision Authority (KNF) powers to supervise crypto market participants, impose administrative sanctions, and temporarily block accounts and transactions.

The vote followed consideration of multiple competing draft bills relating to cryptoassets and marks the government’s third attempt to introduce crypto market legislation after earlier presidential vetoes.

Source: https://t.co/Q80eWvGtma

#Poland #CryptoAssets #MiCA #DigitalAssets #Blockchain #CryptoRegulation #EuropeanUnion

[Bharat Web3 Association @BWA_Ind]

South Korea’s Financial Services Commission (FSC) announced that it plans to release detailed rules on tokenized securities in July, as part of preparations to bring blockchain-based securities under the country’s capital markets framework by 2027.

The proposed measures are expected to include a roadmap for tokenizing stocks, bonds, and money market funds, along with possible revisions to over-the-counter trading limits and rules for fractional investment products.

The announcement was made during the second meeting of the FSC’s public-private tokenized securities council, established in March to develop issuance, trading, infrastructure, and settlement rules ahead of implementation in 2027.

Source: https://t.co/nNnxOebc51

#SouthKorea #Tokenization #DigitalAssets #Blockchain #Securities #CapitalMarkets #Web3 #Fintech #CryptoRegulation

[Bharat Web3 Association @BWA_Ind]

The Bank of England is reviewing parts of its proposed framework for pound sterling stablecoins following feedback from digital asset firms on holding caps and reserve requirements.

Deputy Governor Sarah Breeden stated that the Bank is considering alternatives to temporary ownership limits and examining the requirement for at least 40% of reserve assets to be held as non-interest-bearing deposits at the Bank of England.

The review follows the Bank’s November 2025 consultation on a regulatory framework for sterling-denominated systemic stablecoins, which proposed temporary holding limits for individuals and businesses.

Source: https://t.co/q58HUNl4k9

#Stablecoins #UnitedKingdom #BankOfEngland #DigitalAssets #CryptoRegulation #Fintech

[Unchained Summit @UnchainedSummit]

A leading voice for India’s Web3 ecosystem, Bharat Web3 Association (@BWA_Ind) joins Unchained Summit Vietnam as a Knowledge Partner.

Bringing together some of the key players across India’s Web3 landscape, Bharat Web3 Association is focused on driving innovation, encouraging stakeholder dialogue, supporting policy discussions, and strengthening the country’s digital asset ecosystem. Their work spans research, consumer awareness, talent development, and industry collaboration across blockchain and emerging technologies.

As a Knowledge Partner, with its deep involvement in India’s Web3 landscape, BWA adds valuable context and perspective to conversations shaping the industry.

Unchained Summit Vietnam takes place on May 28-29 at Furama Resort, Da Nang, with tickets starting at US$ 129. Secure your seat at https://t.co/IcF31l8KWi

#UnchainedSummit #EventbyAeternum #VietnamEvents #Web3 #Blockchain #DigitalAssets #IndiaWeb3

[Bharat Web3 Association @BWA_Ind]

Vietnam’s Deputy Minister of Finance, Nguyen Duc Chi, stated that Vietnam is planning to launch its regulated cryptocurrency and digital asset market in the third quarter of 2026.

The announcement follows a series of regulatory developments relating to digital assets in Vietnam. Earlier this year, the country introduced a licensing pathway for domestic crypto asset trading platforms, with five entities reportedly passing the initial qualification round to launch regulated cryptocurrency exchange services in the country.

Vietnam had also proposed a draft tax framework for crypto transactions earlier this year, including a proposed 0.1% individual tax on crypto transactions processed through licensed providers.

Source: https://t.co/KfKGuYql6G

#Vietnam #Crypto #DigitalAssets #Cryptocurrency #Web3 #Blockchain #CryptoRegulation #DigitalEconomy

[Bharat Web3 Association @BWA_Ind]

The Bank for International Settlements (BIS) has released a paper titled “The Impact of Stablecoins on the International Monetary and Financial System”. The paper examines the impact of USD-denominated stablecoins on the international monetary and financial system, with a focus on emerging market and developing economies. It covers issues relating to digital dollarisation, monetary sovereignty, capital flows, cross-border payments, financial stability, and regulatory approaches for stablecoins. Read the full paper at: https://t.co/1A09OJRyox

#Stablecoins #DigitalAssets #CryptoPolicy #CBDC #Fintech #BIS #GlobalFinance #MonetaryPolicy #CrossBorderPayments #FinancialStability

[Bharat Web3 Association @BWA_Ind]

Argentina’s National Securities Commission (CNV) issued General Resolution 1125/2026 in April 2026, formally recognising virtual assets as part of an individual’s net worth for the purpose of qualifying as a “qualified investor.” The amendment updates Argentina’s capital markets framework to include crypto-assets within the financial capacity assessment applicable to certain investment regimes.

The resolution enables eligible investors to count virtual asset holdings toward the financial threshold required to access private placements, automatic public offering regimes, and financing structures including tokenisation and collective financing mechanisms. The framework forms part of broader amendments to Argentina’s securities regulations concerning qualified investors and capital market access.

Source: https://t.co/2SlwvYaInq](https://t.co/2SlwvYaInq

#Argentina #CryptoRegulation #DigitalAssets #VirtualAssets #Tokenisation #CapitalMarkets #Fintech #Web3 #CNV

[Bharat Web3 Association @BWA_Ind]

Morocco is advancing a draft legal framework for crypto-assets, with proposed legislation currently under review by the government’s general secretariat. The initiative follows recommendations from the Financial Action Task Force (FATF) aimed at strengthening oversight of crypto-assets and addressing risks relating to money laundering and terrorist financing.

The proposed framework introduces licensing and supervisory requirements for crypto-asset service providers, governance standards, and investor protection measures. The draft law also envisages permitting utility tokens and asset-backed stablecoins as part of the regulated ecosystem, alongside the broader integration of distributed ledger technology (DLT) for financial innovation.

Source:https://t.co/nMoQ0EK0Qg

#Morocco #CryptoRegulation #DigitalAssets #Stablecoins #Blockchain #DLT #FATF #Fintech #Web3 #FinancialRegulation

[Bharat Web3 Association @BWA_Ind]

We’re proud to join Unchained Summit Vietnam as a Knowledge Partner for its upcoming edition in Da Nang.

Bringing together leaders across Web3, blockchain, AI, RWAs, and digital innovation, the summit will host conversations shaping the future of the industry across Asia and beyond.

Happening on 28–29 May 2026 at the Furama Resort, Da Nang, Vietnam.

#UnchainedSummit #EventbyAeternum #BharatWeb3Association #Web3 #Blockchain #VietnamEvents

@UnchainedSummit