According to *The Times of India*, the Maharashtra state legislature in India has passed an amendment to the 1999 *Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act* (MPID Act), officially bringing virtual digital assets (VDAs), including cryptocurrencies and other blockchain-based digital tools, under the scope of this law. The amendment requires financial institutions to deposit 50% of their total debt as a security deposit before appealing a recovery order, aiming to curb delays in repayments to investors caused by lengthy appeal processes. The amendment also allows courts to legally seize, evaluate, and liquidate crypto assets involved in fraud to compensate victims. https://www.(wublock123.com)/news/news-63892