“ Primus' new report "Unlocking India’s Trillion Dollar Web3 Potential: The Time for Regulation Is Now," explores India's opportunity to lead the Web3 sector while addressing regulatory challenges. It highlights Web3’s transformative potential across industries such as finance, healthcare, and supply chain through decentralized technologies like blockchain, DeFi, and NFTs. However, regulatory gaps pose risks including fraud, market manipulation, and data breaches, emphasizing the need for a comprehensive framework that supports innovation while safeguarding consumers.

The document proposes the SECURE Framework—Standardized, Equitable, Consumer-focused, Unified, Risk-based, and Economy-centered—outlining a regulatory approach tailored to India’s unique needs. Key recommendations include establishing a dedicated regulatory authority, creating a taxonomy for Virtual Digital Assets (VDAs), implementing cybersecurity guidelines, and enabling self-regulatory organizations (SROs) to uphold industry standards. It highlights India’s potential economic gain, estimating Web3 could add $1.1 trillion to GDP by 2032, and positions India as a global leader by aligning domestic policies with international standards. Hope you enjoy reading it!”