Parliamentary finance committee calls for regulatory framework for virtual digital assets

The Parliamentary Standing Committee on Finance has sought a “comprehensive examination” and an “appropriate regulatory framework” for Virtual Digital Assets (VDAs), such as cryptocurrencies, in its report on the proposed Securities Markets Code, 2025. The committee has proposed that, until such a legislative framework is drawn up, the government may consider introducing an interim arrangement through recognised Self-Regulatory Organisations (SROs) functioning under the oversight of a designated