Web3 Firm Hashed Emergent Drafts a Crypto Law It Hopes India Will Adopt

• Web3 firm Hashed Emergent has proposed a new model law, the “COINS Act,” for crypto in India
• This private sector proposal includes creating a dedicated regulator and a “safe harbor” for ICOs
• The industry-drafted Act also calls for a national Strategic Bitcoin Reserve

A new model law called the COINS Act has been proposed to bring clarity and structure to India’s digital asset regulatory environment. 

The draft law, announced this week by Web3 firm Hashed Emergent and policy group Black Dot, seeks to create an industry-driven policy system that balances innovation with oversight.

The COINS Act focuses on defining digital asset rights and establishing clear regulations for the industry. A key part of the model law is its emphasis on “crypto-native constitutional rights,” such as the freedom of self-custody and financial privacy, which would form the legal foundation of India’s approach.

Proposal for a new, dedicated crypto regulator

A central component of the framework is the creation of a new regulatory body, the Crypto Assets Regulatory Authority (CARA). This new authority would be tasked with overseeing crypto activities specifically within India.…

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