Regulatory framework for crypto in India is tricky. India cannot simply copy frameworks from the west. We can take inspiration from existing frameworks but we need to build better consumer protection. India should ensure all exchanges serving Indian customers have a physical presence in the country similar to what other regulation friendly countries have mandated already. We should promote INR Stablecoin and its usage and RWAs(this will unlock ton of liquidity for alternate assets in India).(Nischal Shetty)