India is undertaking a comprehensive review of its Virtual Digital Assets (VDA) regulatory framework to enhance user security and align with G20 global standards. The current system lacks a robust legal structure, affecting over 100 million crypto users who face unclear custody rules and liquidity protections. Proposed changes aim to introduce investor protection, exchange licensing, bankruptcy protocols, and stricter market oversight. Commerce Minister Piyush Goyal highlighted the government's support for tokens backed by real-world assets, such as Central Bank Digital Currencies (CBDCs) or tokenized assets. This move indicates a shift towards a more secure and transparent crypto environment in India.