Content
An uncertain solar-powered future
What are Digital Personal Data Protection Rules?
How is the global precision medicine market shaping up?
Article 32 enables people to approach SC for fundamental rights, says CJI Gavai
Senkaku Islands
Coronal Mass Ejection (CME) detected on another star
After tax havens, dirty money finds a new home: Cryptocurrency
Case Study : An uncertain solar-powered future
Why in News?
Thousands of villagers from Jharkhand (Dhanbad district) and West Bengal (Purulia district) jointly protested on October 15 against upcoming floating and ground-mounted solar power projects on the Panchet Dam reservoir.
Locals fear loss of access to grazing land, fishing zones, and displacement due to land acquisition for renewable energy expansion by DVC–NTPC JV (GVREL).
Relevance:
GS 2 – Governance
Land acquisition, rehabilitation, resettlement failures.
Federal issues: Centre–State–local governance overlap (DVC, NTPC, Jharkhand, WB).
Stakeholder participation, Gram Sabha role, Scheduled Areas governance.
GS 3 – Environment & Energy
Renewable energy targets, COP26 commitments, solar policy.
Conflicts in RE expansion; socio-environmental impact of floating solar.
Ecology: aquatic systems, reservoir ecosystems.
GS 1 – Society
Impact on Adivasi livelihoods, fishing communities, pastoralists.
Historical displacement and land rights issues.
Panchet Dam
Built: 1959; last of the four multipurpose dams under the first phase of the Damodar Valley Corporation (DVC).
Location:
Northern bank – Dhanbad, Jharkhand.
Southern bank – Purulia, West Bengal.
Purpose: Flood control in the Damodar River (historically called “Sorrow of Bengal”), irrigation, hydropower.
Original displacement (1950s–70s):
33,898 acres acquired; 10,339 families displaced (DVC archival reports, 1957–76).
Large-scale submergence of villages; inadequate compensation and unresolved land title issues continue.
Upcoming Renewable Energy Projects
Floating Solar Project
Promoter: Green Valley Renewable Energy Ltd. (GVREL) – JV:
NTPC Green Energy Ltd. (51%)
DVC (49%)
Capacity: 155 MW AC floating solar + ground-mounted PV plant.
Site: Surface of Panchet reservoir + adjoining land.
Central Government Policy Push
Driven by India’s COP26 Panchamrit commitments:
500 GW non-fossil capacity by 2030.
50% energy from renewables by 2030.
Solar projects rising rapidly, especially floating solar for land-scarce regions.
Stakeholder Concerns
Livelihood Loss
Fishing community (~2,500 people across both States):
Reservoir access to be restricted → direct loss of daily income (₹500–800 on good days).
Grazing lands:
Floating solar + fenced zones → cattle-grazing areas blocked.
Villages already have minimal greenery.
Displacement Anxiety
Already displaced once during the 1950s dam construction.
Fresh land acquisition reignites fear of second displacement cycle.
Land Rights Issues
Majority of families still lack:
Land titles
Aadhaar
Caste certificates
Voter list validation
Current settlements on “wasteland” without documentation → high vulnerability.
Broken Promises
Old commitments during dam construction (land, rehabilitation, infrastructure) remain pending.
New RE projects revived demand for return of unused DVC land, and for bridge connectivity (Bathanbari–Mahishnadi).
Conflict and Governance Dimensions
Land Conflict Watch Report Findings
45% RE land-acquisition cases lack community consultation.
48% conflicts occur on common lands: Adivasi, Dalit, and pastoralist-dependent.
29%: Completed RE projects still face protests.
5 major national RE projects stalled due to community opposition.
Why Conflicts Intensify?
Solar energy is land-intensive.
Exemptions from environmental & social impact assessments for speed of implementation.
Overlapping jurisdictions:
DVC (central),
State govts (WB & Jharkhand),
Local Panchayats.
Weak social safeguards in RE infrastructure expansion.
Environmental & Social Impact
Floating solar reduces fishing zones and affects aquatic ecosystems.
Shadowing effect impacts plankton growth → reduces fish breeding.
Restricted mobility around reservoir affects tribal communities’ traditional grazing and collection activities.
Governance Questions Raised
Who benefits from the solar project?
Why no updated rehabilitation for old displacement?
Why no land rights regularisation before new land acquisition?
Demand for transparent EIAs and Gram Sabha consultation (especially in Scheduled Areas).
Government/Agency Stand (Implied)
DVC and GVREL aim to align with national RE targets.
Consider floating solar as optimal for land-scarce, high-water-storage zones.
No detailed public response yet (as per report)
What are Digital Personal Data Protection Rules?
Why in News?
Government notified the Digital Personal Data Protection (DPDP) Rules, 2025 on 14 November 2025, operationalising major parts of the DPDP Act, 2023.
Notification triggers:
Formation of Data Protection Board of India (DPBI).
Implementation of consent framework, data processing norms, and compliance timelines.
Controversy: Amendment to Section 8(1)(j) of RTI Act, 2005 officially comes into force, sparking protests from transparency activists (MKSS, NCPRI).
Relevance
GS 2 – Polity & Governance
DPDP Act, 2023 + DPDP Rules, 2025 implementation.
Privacy vs transparency debate (RTI Act Section 8(1)(j) amendment).
Data Protection Board of India (DPBI): powers & limitations.
State–citizen interface: consent, data processing, grievance redressal.
GS 3 – Cybersecurity
Data breach reporting norms, digital governance challenges.
Rights of minors online; digital ecosystems.
DPDP Act, 2023
Purpose
India’s first comprehensive data protection law—parallel to GDPR (EU) and PDPA (Singapore).
Key Concepts
Data Fiduciary: Entity (firm/state) processing personal data.
Data Principal: Individual whose data is processed.
Significant Data Fiduciary (SDF): Large firms with higher compliance obligations.
Core Obligations on Fiduciaries
Security safeguards: Encryption, access control, security audits.
Purpose limitation: Data collected only for specific, lawful purposes.
Storage limitation: Delete data after purpose is fulfilled or inactivity.
Breach notification: Report as soon as possible.
Rights of Data Principals
Informed consent backed by clear summaries.
Right to access data.
Right to correction, erasure, deletion.
Right to grievance redressal.
Right to withdraw consent.
Children’s Data
Restrictions on data processing and targeted ads.
Rules carve out parental access to child’s location.
DPDP Rules, 2025 – What They Add
Operational details for consent notices, breach reporting, storage deletion.
Consent Manager Ecosystem:
Users manage data permissions across platforms via a single interface.
Comparable to OS-level permissions managers.
Data Protection Officer (DPO) requirement for SDFs becomes enforceable in 1 year.
Compliance timelines: Firms get up to 18 months.
Penalties:
₹10,000 to ₹250 crore depending on severity and repeated non-compliance.
Institutional Mechanism
Data Protection Board of India (DPBI)
Now operational.
Under MeitY, with four members.
Functions:
Inquiry into breaches.
Adjudication of penalties.
Oversight and compliance.
Major Controversy: RTI Act Amendment
What changed?
Section 8(1)(j) earlier exempted “personal information” unless public interest justified disclosure.
DPDP Act removed the public interest override.
Now govt bodies can reject requests more broadly.
Why activists oppose it?
Eliminates a critical transparency safeguard.
Potential consequences:
Social audits (ration rolls, muster rolls, work logs) risk being classified as private.
Shields officials from scrutiny in corruption cases.
Undermines MKSS-led accountability campaigns.
MKSS and NCPRI protested since 2022 draft; vowed to challenge implications.
Government stance
Amendment notified despite resistance.
Another amendment to IT Act, 2000 still pending.
Wider Governance Issues
Increased government discretion in defining “personal information”.
Risk of over-classification by officials.
Debate on balancing:
Privacy rights
Transparency and public interest
Accountability in public expenditure
Comparison with GDPR
Similarities: Consent, data minimisation, erasure rights, fiduciary obligations.
Differences:
No data localisation mandate.
No explicit independent regulator (DPBI under MeitY).
Broader govt exemptions.
Narrower scope of “sensitive personal data”.
Status of Implementation
In force now:
DPBI formation
RTI amendment
Consent Manager framework (initialisation)
To be enforced within 18 months:
Firm-level compliance
DPO appointment
Full breach reporting norms
How is the global precision medicine market shaping up?
Why in News?
A detailed expert analysis by Shambhavi Naik (Takshashila Institution) was published, highlighting India’s progress, challenges, and opportunities in precision biotherapeutics.
Comes amid rapid global advances in gene editing, CAR-T therapy, mRNA therapeutics, and India’s push towards genomics-driven healthcare under DBT’s biotechnology priorities.
Relevance:
GS 3 – Science & Technology
Gene editing (CRISPR), mRNA therapeutics, cell therapy, biologics.
India’s biotech sector: regulatory vacuum, ATMP challenges.
GenomeIndia, IndiGen, precision oncology.
GS 2 – Health
NCD burden in India, health innovation priorities.
Access, affordability, public health ethics.
What Are Precision Biotherapeutics?
Definition: Medical interventions tailored to a patient’s unique genetic, molecular, proteomic, or cellular profile.
Aim: Correct the root cause of disease rather than managing symptoms.
Core Technologies
Genomic & proteomic analysis
Identifies mutations, protein dysfunctions; basis of personalised therapies.
Gene editing therapies
CRISPR-based correction of defective genes (e.g., blood disorders).
mRNA / nucleic acid therapeutics
Program cells to produce needed proteins or silence harmful ones.
Monoclonal antibodies & biologics
Target specific disease proteins (cancer, autoimmune, viral diseases).
AI-driven drug discovery
Predicts molecular interactions, accelerates drug design.
Why India Needs Precision Biotherapeutics
65% of deaths in India caused by NCDs (cancer, diabetes, cardiovascular diseases).
High genetic diversity → foreign-developed drugs may not suit Indian populations.
Enables predictive, preventive, personalised healthcare.
Uses large Indian genomic resources:
IndiGen, GenomeIndia, disease-mapping studies.
Addresses India-specific disease burdens and drug response variations.
Where India Stands: Current Status
Government & Research Initiatives
DBT lists precision biotherapeutics as 1 of 6 national biotech priorities.
Leading institutions:
Institute of Genomics & Integrative Biology (IGIB)
National Institute of Biomedical Genomics (NIBMG)
Translational Health Science and Technology Institute (THSTI)
Focus: genetic diversity mapping, disease susceptibility profiling.
Private Sector Efforts
Biocon Biologics, Dr Reddy’s: biosimilars, monoclonal antibodies.
Immuneel Therapeutics: immuno-oncology.
Bugworks Research: novel antibiotics.
Akrivia Biosciences: precision cancer diagnostics.
miBiome Therapeutics: patient-centric healthcare.
4baseCare: AI-driven precision oncology.
ImmunoACT: first Indian company to bring CAR-T therapy to India.
Challenges for India
Regulatory
No clear regulatory framework for gene editing, cell therapy, mRNA therapeutics.
Guidelines restrict therapeutic use but do not define scope of therapy.
Lack of harmonised ethics guidelines across institutions.
Manufacturing & Infrastructure
Limited biologics and advanced therapy (ATMP) manufacturing capacity.
Heavy dependence on imports for raw materials and equipment.
Cost & Access
Precision therapies are extremely expensive → accessible only to affluent urban patients.
Insurance coverage gaps and weak public-sector capacity.
Data Governance Risks
Genetic data privacy concerns.
Lack of comprehensive protections (DPDP Act insufficient for genomic data).
Risk of misuse: discrimination, insurance profiling, surveillance.
India’s Opportunities
Global precision medicine market projected to cross $22 billion by 2027.
India’s advantages:
Skilled scientific workforce.
Strong IT + data analytics ecosystem.
Low-cost biotech manufacturing potential.
Can emerge as global hub for affordable precision therapeutics.
Export potential: biosimilars, AI-driven diagnostics, cell therapy services.
Opportunity to build a regulatory model balancing innovation, ethics, and affordability.
Article 32 enables people to approach SC for fundamental rights, says CJI Gavai
Why in News?
Chief Justice of India B.R. Gavai delivered a lecture on “India and the Living Indian Constitution at 75 Years”, emphasising the origins and significance of Article 32.
The two developments stirred national debate on the foundations of constitutional rights, social reform legacies, and political misuse of historical narratives.
Relevance:
GS 2 – Polity
Fundamental rights enforcement, writ jurisdiction.
Article 32 as part of Basic Structure.
Constitutional morality, role of judiciary, Ambedkar’s vision.
Emergency provisions (Art. 359), judicial remedies.
What is Article 32?
Constitutional remedy for enforcement of Fundamental Rights.
Guarantees the right to move the Supreme Court directly for rights violations.
Empowers the SC to issue five writs: Habeas Corpus, Mandamus, Prohibition, Certiorari, Quo Warranto.
Dr. B.R. Ambedkar called it the “heart and soul of the Constitution.”
Ambedkar’s Vision (As Highlighted by CJI Gavai)
Rights without remedies are meaningless → Article 32 inserted to provide effective remedy, not mere declaration.
Objective Resolution (1946) lacked enforceability; Article 32 filled this gap.
Ambedkar wanted a Constitution that was living, evolving, enabled through Article 368 (amendments).
Constitution built on justice, liberty, equality, fraternity.
Advanced Constitutional Analysis
Article 32 is part of Basic Structure (SC in L. Chandra Kumar, 1997).
Remedies under Article 32 cannot be suspended except during Emergency (Art. 359).
Article 32 is simultaneously a Fundamental Right and a remedy mechanism.
CJI Gavai highlighted how debates of the Constituent Assembly remain critical to understanding constitutional morality.
Current Issues Highlighted by CJI Gavai
Need to safeguard Constitution from political distortion.
Need for citizens and lawyers to understand Constituent Assembly debates.
Amendments remain contentious → liberal vs restrictive interpretations.
Importance of continuing Ambedkar’s project of social and economic equality (DPSPs).
Senkaku Islands
Why in News?
China Coast Guard (CCG) vessels conducted a “rights enforcement patrol” inside waters of the Japan-administered Senkaku Islands (called Diaoyu by China).
Move came days after Japan PM Sanae Takaichi stated that a Chinese attack on Taiwan could trigger a military response by Japan, escalating tensions.
China condemned the statement and has stepped up maritime and aerial activities near both Japan and Taiwan.
Relevance
GS 2 – International Relations
China–Japan maritime dispute; US–Japan security treaty (Article 5).
Taiwan crisis spillover; Indo-Pacific power shifts.
Grey-zone warfare, Coast Guard militarisation.
GS 3 – Security
Maritime security, freedom of navigation, SLOC vulnerability.
Implications for India: Indo-Pacific strategy, QUAD cooperation.
Where Are the Senkaku (Diaoyu) Islands?
Located in the East China Sea, northeast of Taiwan and southwest of Okinawa.
Uninhabited but strategically critical for geopolitics and maritime control.
Administered by Japan, but claimed by China and Taiwan.
Located near rich fishing grounds, potential hydrocarbon deposits, and critical shipping lanes.
Territorial Claims
Japan (Senkaku):
Claims sovereignty since 1895; incorporated the islands as terra nullius.
Administers them since 1972 (post-US handover).
China (Diaoyu):
Claims historical control dating back to Ming dynasty.
Argues Japan seized them during imperial expansion.
Taiwan (Tiaoyutai):
Aligns largely with China’s historical claim.
Why Senkaku Matters Strategically ?
Geopolitical Hotspot: Japan-China territorial standoff; US–Japan alliance involved.
First Island Chain: Key to China’s strategy to break US-led maritime dominance.
Buffer for Okinawa: Just 170 km from Okinawa, home to major US military bases.
Proximity to Taiwan: Close enough to matter in any Taiwan-related conflict.
Control of SLOCs: Dominance enables influence over East Asian supply routes.
Latest Developments: China’s “Rights Enforcement Patrol”
CCG vessel 1307 sailed inside territorial waters of Senkaku.
China called it a “lawful mission to defend national sovereignty”.
Follows a pattern: China regularly uses CCG (not PLA Navy) for grey-zone coercion, avoiding open conflict but asserting presence.
Japan often shadows these ships using its Coast Guard.
Why China Is Increasing Pressure Now ?
Retaliation against Japan PM’s Taiwan remarks:
Japan stated it may respond militarily if China attacks Taiwan → major shift from post-war pacifism.
China demands retraction, accuses Japan of violating “One China principle”.
Taiwan-related escalation:
Over 30 PLA aircraft and seven naval vessels detected around Taiwan on the same day.
China conducted “joint combat patrols”, signalling capability for multi-front pressure.
Testing Japan–US alliance resolve:
China probes how far the US will back Japan under the US-Japan Security Treaty (Article 5), which explicitly covers Senkaku.
Japan’s Response and Strategic Concerns
Japan views incursions as violations of sovereignty.
Strengthening Coast Guard and Self-Defense Forces in the Ryukyu and Okinawa regions.
Increasing interoperability with the US for East China Sea contingencies.
Taiwan scenario now central to Japan’s defence strategy (2022 NSS).
US Position
The US recognises Japanese administration but not sovereignty.
However, Senkaku falls under Article 5 of the US-Japan treaty, meaning the US would defend Japan if attacked.
This elevates any Senkaku incident to a potential US-China flashpoint.
Broader East Asian Security Implications
Intensifies Japan–China rivalry.
Increases risks of miscalculation in crowded maritime zones.
Pushes Japan to further militarise → shift away from its post-war pacifist doctrine.
Strengthens trilateral security alignment: US–Japan–Taiwan (de facto).
Encourages China’s use of paramilitary maritime forces (coast guard, militia) for incremental territorial assertion.
Implications for India
Validates India’s concerns about Chinese expansionist behaviour in Ladakh and Indian Ocean.
Reinforces India–Japan strategic partnership in the Indo-Pacific.
Provides rationale for stronger Quad cooperation on maritime domain awareness and rule-based order.
Coronal Mass Ejection (CME) detected on another star
Why in News?
Astronomers, using the LOFAR (Low-Frequency Array) telescope network, have detected a coronal mass ejection (CME) on a star other than the Sun for the first time.
The CME originated from red dwarf StKM 1-1262, located ~133 light years away.
Published in Nature, the discovery marks a breakthrough in studying stellar space weather and exoplanet habitability.
Relevance:
GS 3 – Science & Tech
Space weather, exoplanet habitability, stellar magnetic activity.
Significance of LOFAR radio network, astronomy breakthroughs.
Impact of CMEs on atmospheres, satellites, communication systems.
What Is a Coronal Mass Ejection (CME)?
Massive bursts of plasma and magnetic fields ejected from a star’s corona.
On the Sun:
Can disrupt satellites, GPS, radio communications.
Trigger auroras; recent Nov 12 auroras reached as far south as Tennessee and New Zealand.
Traditionally observed only on the Sun due to difficulty detecting faint radio signatures from distant stars.
The Breakthrough Discovery
LOFAR has been continuously collecting low-frequency radio data since 2016.
While originally built to study black holes and other high-energy cosmic phenomena, its wide field of view also captures background stars.
Researchers reprocessed archived data and detected a one-minute-long explosive burst from 2016.
Confirmed to be a CME — the first-ever radio detection of such an event on a non-Sun star.
The CME was 10,000 times more powerful than typical solar CMEs.
About the Host Star: StKM 1-1262
A red dwarf star, mass 10–50% of the Sun.
Most common host star type for Earth-sized exoplanets in the galaxy.
Known for high magnetic activity and violent stellar flares.
Scientific Significance
Breakthrough for Stellar Space Weather
Opens the field of extra-solar space weather—understanding how other stars affect their planetary systems.
Allows study of stellar magnetic activity through continuous radio monitoring.
New Methodology
Demonstrates that archival low-frequency radio data can detect extreme stellar events.
Provides a new tool to study stellar magnetic cycles similar to the Sun’s 11-year cycle.
Implications for Planetary Habitability
Atmospheric Erosion
Red dwarf CMEs can strip atmospheres of planets in close orbits (common around red dwarfs).
Without an atmosphere, planets lose:
Surface water stability
UV protection
Climate stability
Such CMEs severely weaken chances for life near red dwarfs.
Reassessing Exoplanet Habitability Models
Many “habitable zone” planets (e.g., TRAPPIST-1 system) orbit red dwarfs.
New evidence suggests:
High stellar activity may make these environments far less habitable than earlier believed.
Need for stronger planetary magnetic fields to retain atmospheres.
Astronomy & Astrophysics Relevance
First direct confirmation that stellar CMEs occur beyond the Sun.
Helps refine models of:
Star–planet interactions
Atmospheric retention
Magnetic shielding
Evolution of exoplanetary climates
Why This Matters for the Future of Exoplanet Research
Radio detection is scalable → enables studying thousands of nearby stars.
Helps prioritise exoplanets with stable stellar environments for biosignature searches.
Supports missions like JWST, PLATO, ARIEL that study exoplanet atmospheres.
Cryptocurrency and Dirty Money
Why in News?
An international investigation by The Indian Express + International Consortium of Investigative Journalists (ICIJ) + The Coin Laundry Project exposed how cryptocurrency is emerging as the new hub for cross-border money laundering, replacing traditional tax havens.
Agencies tracked laundering routes from India → Dubai → China → Cambodia via crypto exchanges and OTC brokers.
The report highlights misuse of mule accounts, fake wallets, P2P transfers, and unregulated crypto channels for hawala-style transactions.
Relevance :
GS 3 – Economy & Security
Money laundering through crypto; hawala 2.0.
PMLA applicability to crypto; FIU, ED roles.
Financial fraud ecosystems (Cambodia scam hubs, Chinese networks).
FATF, AML/CFT regulations, global crypto governance.
GS 2 – Governance
Cybercrime regulation gaps; need for global crypto rulebook.
Issues with KYC, consent, anonymity.
GS 3 – Internal Security
Crypto in sextortion, betting, cybercrime, loan apps.
Cross-border criminal networks.
What is Crypto Money Laundering?
Using digital assets (BTC, USDT, ETH) to obscure origins of illicit funds.
Operates through anonymous wallets, mixers/tumblers, P2P platforms, decentralised exchanges (DEXs).
Mimics old hawala, but:
Faster
Harder to trace
Borderless
Uses technology to hide audit trails
How Cryptocurrency Is Used to Launder Money (as per investigation)
Victims defrauded → money deposited in mule bank accounts.
Funds routed to pool accounts controlled by operators.
Operators use:
Crypto OTC desks
P2P transfers
Unhosted wallets
International crypto exchanges
Crypto moved to Dubai / Cambodia / China → cashed out into local currency → returned as “clean” funds.
Mimics classic hawala but using USDT (Tether) as preferred stablecoin due to near-zero volatility.
Key Findings from The Coin Laundry Project
Over $12 billion globally laundered via crypto-linked fraud networks (ICIJ estimate).
India emerging as a major node for:
Pig-butchering scams
Crypto-based forex arbitrage
Investment fraud networks
Crypto transactions used to layer money across borders without physical movement.
Migrant workers, students, and gullible individuals used as mule account operators.
Several crypto exchanges in India flagged for weak KYC, fake identities, and lax monitoring.
Why Crypto is Attractive for Criminal Networks
No central authority, decentralised validation.
Pseudo-anonymity: wallet addresses not linked to verified identities.
Micro-transactions allow easy structuring.
Instant transfer across borders with minimal cost.
Difficulty for agencies to track mixers, privacy coins, TOR + VPN used transactions.
Case Studies Mentioned
Multiple Indian firms and individuals allegedly routed money through USDT to China-based operators.
Fraud rings in Jharkhand, Maharashtra, Telangana using cryptocurrency to bypass hawala raids.
Several accounts flagged for₹1,000 crore+ cyber fraud ecosystem connected to Cambodia scam factories.
Agencies’ Findings (ED, FIU, State Police)
Crypto part of layering in cybercrime, betting rackets, sextortion, loan apps.
ED & FIU identified routes:
India → Dubai (crypto OTC desks)
Dubai → China (USDT wallets)
China → Cambodia scam hubs
P2P crypto traders act as parallel hawala operators.
FIU issued notices to several exchanges for AML violations.
Regulatory Issues in India
Crypto is not illegal but unregulated.
AML provisions extended under PMLA (2023) but enforcement weak due to:
No licensing framework
Unhosted wallets outside Indian jurisdiction
Difficulty tracing foreign exchanges
India proposed global crypto regulatory framework at G20 (2023) but progress slow.
Implications for India
Cybercrime escalation: online scams use crypto for instant international payouts.
Economic risks: capital flight via unregulated crypto pathways.
Internal security challenge: scam operations in Cambodia/Myanmar targeting Indians.
Threat to banking integrity: mule accounts becoming systemic.
Diplomatic/consular challenges: rescuing Indians trapped in foreign cyber-scam factories.
Global Context
FATF identifies crypto as a major ML/TF threat.
Countries like US, EU, Singapore tightening rules on:
KYC for exchanges
Travel Rule
Mixer/service provider licensing
Rise of privacy coins (Monero, Zcash) complicates global enforcement.
Way Forward
Implement comprehensive crypto regulation covering exchanges, wallets, stablecoins.
Full FATF Travel Rule compliance for Indian exchanges.
Mandatory KYC + PAN integration for large crypto transfers.
Licensing regime for OTC desks.
Strengthen FIU, ED digital forensic tools for tracing blockchain trails.
India must push for global cooperation on unregulated exchanges and scam hubs.