India impulsa la legislación sobre tokenización: de la tributación a la construcción de un sistema económico en la cadena

【链文】India’s political circles recently send an important signal: shifting from simply taxing cryptocurrency transactions to building a regulated on-chain economic framework. A politician officially proposed a dedicated “Tokenization Act” in the Federal Council, aiming to empower real-world assets (RWA) through blockchain technology.

The core idea of this proposal is quite interesting: achieving “financial democratization” through fractional ownership of assets. In other words, allowing the middle class to participate in high-value asset investments, rather than being excluded by high barriers to asset ownership.

How exactly to do this? The bill plans to focus on several aspects. First, to establish a regulatory sandbox, providing fintech companies with a controlled testing environment to trial tokenization products under government supervision. Second, to clarify the legal definition of “tokenized assets” and clear up current legal ambiguities that hinder the digital asset market.

The proposer emphasizes that asset tokenization is “one of the most transformative financial technological innovations of the 21st century.” This statement reflects a shift in understanding—from viewing cryptocurrencies merely as speculative tools to recognizing the potential value of blockchain technology in asset management and the financial system.

The underlying risk considerations are also noteworthy: if India does not proactively establish a domestic legal framework, it may face risks of sovereignty data and economic power loss. Put more plainly, if asset trading is left to operate on unregulated foreign networks, India’s own financial control could be weakened. This logic essentially drives a policy shift from “defense” to “building.”