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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.

19/06/2026

Global Digital Finance (GDF) and Block, in partnership with TRM Labs and Coinbase, have published the Report on Self-Custody Wallets and Their Role in Digital Finance.

The report provides an evidence-based analysis of how self-custody wallets are used across the digital asset ecosystem, examining their role in payments, remittances, financial inclusion, decentralized finance and digital asset ownership.

Read the full report at: https://www.gdf.io/resources/self-custody-wallets-and-their-role-in-digital-finance

[Stablecoins, DeFi, Financial Inclusion, FinTech, Web3, GDF, TRM Labs, Coinbase ]

18/06/2026

We are pleased to share that our member Learn With Mudrex has published a new report titled "How India Trades Crypto 2026: A Behavioural Profile of India's Crypto Traders". The report provides valuable insights into the evolving behaviour of India's crypto investors, including the growing adoption of long-term investment strategies and rising participation among women investors. The findings point to a maturing digital asset ecosystem characterised by patient, diversified, and research-driven market participation.

The report also features a foreword by Bharat Web3 Association Chairperson Dilip Chenoy, highlighting the importance of balanced regulation, responsible innovation, consumer protection, and collaborative policymaking for India's digital asset ecosystem.

Read the full report: https://mudrex.com/blog/73688-2-crypto-traders-india/

[ Blockchain, Virtual Digital Assets, Crypto Adoption, India Crypto, Fintech ]

17/06/2026

CEPR and LTI@UniTo have published a new report titled "Can Blockchain Decentralise Money, Contracts, and Finance?"

The report examines the technological and incentive conditions underpinning blockchain decentralisation, the economic value of decentralised money and contracts, and the growth of decentralised finance through smart contracts. It also identifies key challenges, including coordination failures and the emergence of new intermediaries within decentralised finance.

Full report: https://cepr.org/publications/books-and-reports/p396

Web3

16/06/2026

U.S. Representatives Lance Gooden and Josh Gottheimer have introduced the Federal Cryptocurrency Theft Enforcement and Coordination Act in the House of Representatives.

The bill proposes the establishment of a Department of Justice-led task force to coordinate investigations into cryptoasset theft, scams, and other digital asset-related crimes. The proposed task force would oversee coordination among federal agencies, including the FBI, Homeland Security Investigations, and FinCEN.

The bill also proposes the development of best practices for blockchain forensics, evidence collection, asset tracing, and victim support; the provision of training and technical assistance to state and local law enforcement agencies; enhanced cooperation with international authorities on cross-border investigations; and annual reporting to Congress on emerging threats, enforcement challenges, and policy recommendations.

[ Law Enforcement, Web3, Digital, Asset Regulation ]

Source: [https://gooden.house.gov/press-releases?ID=5E9EB071-9CFD-4611-9930-6A668031BA7E

15/06/2026

Japan’s Lower House has passed a bill that would bring virtual digital assets (VDAs) under the country’s financial instruments framework.

If approved by the Upper House, the legislation would subject VDAs to financial instrument regulations similar to those applicable to stocks and bonds. The reforms could also create a pathway for the introduction of exchange-traded funds (ETFs) linked to VDAs in Japan.

The proposal also includes changes to the tax treatment of VDAs. Under the current framework, gains from VDAs can be taxed at rates of up to 55%. The proposed reforms would align VDA taxation with that of stocks and bonds, applying a flat 20% tax rate. The tax changes are expected to take effect in 2028.

Source: https://cointelegraph.com/news/japan-crypto-bill-etf-tax-reform-path

[ Crypto Regulation, Fin Tech, Web3, Blockchain Policy, Financial Markets, Digital Economy ]

12/06/2026

BWA Chairperson Dilip Chenoy recently spoke with CNBC-TV18 on the evolving Virtual Digital Assets landscape and the growing convergence of blockchain and artificial intelligence.

The discussion highlighted how investor capital is increasingly flowing towards AI and technology sectors, while also underscoring that AI and blockchain are complementary technologies.

The conversation also covered the implementation of global digital asset regulatory frameworks and India's emergence as a leading Web3 innovation hub, driven by strong developer growth, startup activity, and government-supported initiatives.

Link to the full interview in the comments.

11/06/2026

The U.S. Securities and Exchange Commission (SEC) has released its Draft Strategic Plan for Fiscal Years 2026–2030, setting out the agency's strategic priorities for the next five years. Among its key proposals, the Plan identifies digital assets and distributed ledger technologies as the first regulatory objective under Goal 1, reflecting the SEC's intention to establish a more structured regulatory framework for the sector.

The Draft Strategic Plan outlines priorities including clarifying the application of securities laws to digital assets, facilitating compliant capital formation through tokenized offerings, supporting the development of on-chain financial infrastructure, and ensuring that custody, trading, and staking services can operate under appropriate regulatory oversight. The Plan also emphasizes the importance of coordination between the SEC and the Commodity Futures Trading Commission (CFTC) to provide greater regulatory clarity while maintaining investor protection and market integrity.

Source: [https://www.sec.gov/files/draft-strategic-plan-fy26-fy30.pdf](https://www.sec.gov/files/draft-strategic-plan-fy26-fy30.pdf)

[ Crypto updates, Crypto news, Digital Assets Update. Tokenization, SEC ]

10/06/2026

The UK’s Financial Conduct Authority (FCA) has proposed allowing certain authorised investment funds to hold cryptoasset exchange-traded notes (cETNs), subject to a limit of 10% of scheme property.

The proposal, published as part of the FCA’s Quarterly Consultation Paper No. 52 (CP26/17), seeks to permit eligible UCITS and certain non-UCITS retail funds to gain limited exposure to cETNs. The FCA notes that the measure is intended to keep authorised funds aligned with evolving investor demand while maintaining appropriate consumer protection safeguards.

The consultation follows the FCA’s earlier decision to permit retail investors to access crypto exchange-traded notes and aims to align the treatment of authorised funds with broader developments in the UK’s cryptoasset regulatory framework.

Source:https://www.fca.org.uk/publications/consultation-papers/cp26-17-quarterly-consultation-paper-no-52

[ Investment Funds, FCA, Financial Regulation, UK Finance, Web3, FinTech ]

09/06/2026

R Venkatesh, SVP & Head, Public Policy, CoinSwitch, has authored an opinion article in Moneycontrol examining the evolution of India’s VDA tax framework and the case for transitioning from tax clarity to competitive policy design.

The article argues that while the 2022 framework brought much-needed certainty and compliance discipline to the digital asset sector, evolving global reporting standards and regulatory frameworks may create opportunities to reassess elements such as transaction-level taxation, treatment of losses, and alignment with broader capital market principles.

Read the full article here:
https://www.moneycontrol.com/news/opinion/india-s-vda-tax-framework-from-tax-clarity-to-competitive-design-13939275.html

08/06/2026

Bhutan’s Gelephu Mindfulness City (GMC) has launched an accelerated licensing pathway for globally regulated digital asset firms, enabling eligible companies to move more quickly from application to operational status through an integrated regulatory and banking review process.

The fast-track framework is available to firms already licensed in jurisdictions such as Singapore, Abu Dhabi Global Market (ADGM), and Hong Kong. Companies that obtain a licence in GMC will also receive access to corporate banking services through DK Bank.

Source: https://www.theblock.co/post/400887/bhutan-sar-licensing-process

[ Web3, Fintech, Blockchain, Digital Finance ]

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