印度加密貨幣和《硬幣法》：數字資產的新黎明？

印度的加密景觀是通過《硬幣法》的轉型浪尖，有可能重塑法規和投資者的情緒。這是印度數字資產新時代的曙光嗎？

Crypto, India, and the COINS Act: A New Dawn for Digital Assets?

印度加密貨幣和《硬幣法》：數字資產的新黎明？

India's crypto landscape is heating up! With the introduction of the COINS Act, the country is aiming to redefine its role in the global digital asset arena, potentially ushering in a new era of crypto regulation and adoption.

印度的加密景觀正在加熱！隨著《硬幣法》的引入，該國旨在重新定義其在全球數字資產領域的作用，這可能會在加密監管和採用的新時代。

The COINS Act: A Game Changer?

《硬幣法》：改變遊戲規則的人？

The COINS Act, spearheaded by Hashed Emergent and Black Dot Policy Advisors, is making waves. The core mission? A 'rights-first' model law designed to tackle India's unique crypto challenges. This act focuses on embedding fundamental freedoms like self-custody, protocol access, and privacy directly into the regulatory framework. Imagine having the constitutional right to manage your own crypto – pretty cool, right?

由Hashed Repent和Black Dot政策顧問帶頭的硬幣法正在引起轟動。核心任務？旨在應對印度獨特的加密挑戰的“權利優先”法律。該法案著重於嵌入基本自由，例如自我顧客，協議訪問和隱私直接到監管框架中。想像一下，擁有管理自己的加密貨幣的憲法權利 - 非常酷，對嗎？

CARA: The New Sheriff in Town

卡拉：鎮上的新警長

One of the key proposals is the creation of the Crypto Assets Regulatory Authority (CARA). Think of CARA as a specialized watchdog dedicated to overseeing the crypto industry within India. The COINS Act ensures CARA's focus remains on services targeting India, preventing overreach into decentralized global networks. This targeted approach is a smart move, allowing for focused regulation without stifling innovation.

關鍵建議之一是建立加密資產監管機構（CARA）。將Cara視為專門負責監督印度加密行業的專業監管機構。 《硬幣法》確保了卡拉的重點放在針對印度的服務上，從而阻止了分散的全球網絡。這種有針對性的方法是一個明智的舉動，可以進行重點監管而不會扼殺創新。

A Tailored Approach: No One-Size-Fits-All

量身定制的方法：沒有一件大小的東西

The COINS Act smartly avoids a blanket approach. Centralized exchanges would be licensed, non-custodial protocols would require simple disclosures, and truly decentralized platforms could be exempt. This nuanced approach, drawing inspiration from the EU's MiCA regime and Singapore's regulatory sandbox, could strike a balance between regulation and fostering growth.

《硬幣法》巧妙地避免了毯子的方法。集中式交流將獲得許可，非監護協議將需要簡單的披露，而真正的分散平台可以免除。這種細微的方法從歐盟的雲母政權和新加坡的監管沙盒中汲取靈感，可以在監管和促進增長之間取得平衡。

Safe Harbors and Bitcoin Reserves?

安全港口和比特幣儲備？

Here's where it gets interesting. The COINS Act proposes temporary safe harbors for initial coin offerings (ICOs) launched in India, aiming to keep developer talent from fleeing to other countries. Furthermore, there's talk of establishing a strategic reserve of Bitcoin and other digital assets, managed nationally. Could India be positioning itself for crypto-asset sovereignty? It's a bold move that echoes global experimentation with state-backed Bitcoin reserves.

這是有趣的地方。 《硬幣法》提出了在印度推出的初始硬幣產品（ICO）的臨時安全港口，旨在使開發人員人才逃往其他國家。此外，還有關於在全國范圍內管理的戰略儲備和其他數字資產的戰略儲備。印度可以為加密資產主權定位嗎？這是一個大膽的舉動，它與國家支持的比特幣儲備相呼應了全球實驗。

Addressing Past Issues

解決過去的問題

The need for such regulation stems from past vulnerabilities within the Indian crypto ecosystem. Incidents like the WazirX cyberattack in 2024 and the CoinDCX vulnerability in 2025 highlighted the absence of proper regulatory frameworks and investor protection. The COINS Act 2025 directly addresses these gaps.

對這種法規的需求源於印度加密生態系統中的過去脆弱性。諸如2024年Wazirx網絡攻擊之類的事件以及2025年的Coindcx脆弱性強調了沒有適當的監管框架和投資者保護。 2025年《硬幣法》直接解決了這些差距。

The Tax Question

稅收問題

Currently, India imposes a hefty 30% tax on crypto income and a 1% TDS on transactions. The COINS Act aims to eliminate the 30% tax, which could significantly boost investor confidence and market participation. Combined with self-custody rights, this could give users more control and security over their investments.

目前，印度對加密貨幣收入徵收了30％的稅，對交易徵收1％的TD。 《硬幣法》旨在消除30％的稅收，這可能會大大提高投資者的信心和市場參與。結合自我顧客權利，這可以為用戶提供更多對投資的控制和安全性。

Final Thoughts: Is India Ready for Crypto Prime Time?

最終想法：印度準備好加入加密貨幣時間了嗎？

The COINS Act represents a potentially massive step forward for India's relationship with digital assets. By tackling regulatory ambiguity and prioritizing investor protection, this legislation could lay the foundation for a more stable and vibrant crypto ecosystem. Will it be smooth sailing? Probably not. But with the COINS Act on the horizon, India's crypto future looks brighter than ever. Keep your eyes peeled—this story is just getting started!

《硬幣法》代表了印度與數字資產關係的潛在巨大一步。通過解決監管歧義並確定投資者的優先級保護，這項立法可以為更穩定和充滿活力的加密生態系統奠定基礎。會很順暢嗎？可能不是。但是隨著《硬幣法》的即將到來，印度的加密未來看起來比以往任何時候都更加光明。睜大眼睛 - 這個故事才剛剛開始！