{"id":42992,"date":"2026-10-29T13:26:15","date_gmt":"2026-10-29T13:26:15","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=42992"},"modified":"2026-10-29T13:26:17","modified_gmt":"2026-10-29T13:26:17","slug":"bwa-unveils-srb-to-strengthen-digital-asset-governance","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bwa-unveils-srb-to-strengthen-digital-asset-governance","title":{"rendered":"BWA Unveils SRB to Strengthen Digital Asset Governance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/bwa-unveils-srb-to-strengthen-digital-asset-governance\/#Key_Objectives_of_BWAs_Self-Regulatory_Body\" >Key Objectives of BWA\u2019s Self-Regulatory Body<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/bwa-unveils-srb-to-strengthen-digital-asset-governance\/#Final_Thoughts\" >Final Thoughts<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">India\u2019s Web3 industry has taken a step towards greater industry-led oversight, with the Bharat Web3 Association (BWA) setting up a self-regulatory body (SRB) on October 28, 2026. The body is intended to encourage participating businesses in the virtual digital asset (VDA) sector to follow voluntary standards covering corporate governance, regulatory compliance, cybersecurity, and consumer safeguards, supported by periodic reviews of their practices. From what is understood, the initiative seeks to address governance and compliance challenges within the sector, while promoting transparency and responsible conduct among industry stakeholders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/12-years-of-zebpay-leading-bitcoin-adoption-in-india\" target=\"_blank\" rel=\"noreferrer noopener\">12 Years of ZebPay: Leading Bitcoin Adoption Through Education &amp; Trust<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Objectives_of_BWAs_Self-Regulatory_Body\"><\/span><strong>Key Objectives of BWA\u2019s Self-Regulatory Body<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Establishing Common Industry Practices:<\/strong> The SRB aims to create a consistent set of voluntary standards for businesses operating in India\u2019s virtual digital asset (VDA) sector, with an emphasis on sound governance, regulatory compliance, and business conduct.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Strengthening Cybersecurity and Asset Protection:<\/strong> Participating entities are expected to follow recommended practices for safeguarding digital assets and customer information, while improving their preparedness to address cybersecurity risks.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Improving Transparency in Token Listings:<\/strong> The framework identifies transparent token-listing practices as a priority, helping establish clearer expectations for how participating platforms approach the assets they make available for users.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Prioritising Consumer Interests:<\/strong> The body intends to encourage stronger consumer safeguards through better grievance-redressal processes, responsible marketing practices, and measures designed to encourage fairer engagement between businesses and users.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reviewing Compliance and Governance Practices:<\/strong> The SRB plans to assess participating members periodically, including their adherence to anti-money laundering (AML) and countering the financing of terrorism (CFT) measures. Where shortcomings are identified, it may suggest corrective action.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Supporting the Evolution of India\u2019s Regulatory Framework:<\/strong> By encouraging businesses to adopt stronger internal standards, the initiative seeks to address governance and compliance gaps within the industry. It provides an industry-led approach to improving practices while discussions on a comprehensive regulatory framework for crypto assets continue.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/the-state-of-crypto-in-india-h1-2026-review-h2-2026-outlook\" target=\"_blank\" rel=\"noreferrer noopener\">The State of Crypto in India: H1 2026 Review &amp; H2 2026 Outlook<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span><strong>Final Thoughts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The launch of BWA\u2019s SRB reflects a broader shift in how India\u2019s digital asset ecosystem is approaching its long-term development. As the sector matures, collaboration between industry participants and policymakers will remain important in shaping an environment that encourages innovation while addressing emerging challenges. The effectiveness of this initiative will depend on how consistently its recommendations are adopted and whether they translate into meaningful improvements in industry practices. Its progress could also inform future discussions on crypto oversight in India, making it a development worth watching as the country\u2019s digital asset landscape continues to evolve.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the grand scheme of things, <a href=\"https:\/\/zebpay.com\/in\/blog\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ZebPay blogs<\/strong><\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on <a href=\"https:\/\/zebpay.com\/in\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ZebPay<\/strong><\/a>!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-background-color has-background wp-element-button\" href=\"https:\/\/onboarding.zebpay.com\/onboarding\" target=\"_blank\" rel=\"noopener\">TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s Web3 industry has taken a step towards greater industry-led oversight, with the Bharat Web3 Association (BWA) setting up a self-regulatory body (SRB) on October 28, 2026. The body is intended to encourage participating businesses in the virtual digital asset (VDA) sector to follow voluntary standards covering corporate governance, regulatory compliance, cybersecurity, and consumer safeguards, [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":42993,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"_ayudawp_aiss_exclude_summary":false,"_ayudawp_aiss_summary":"","_ayudawp_aiss_summary_provider":"","_ayudawp_aiss_summary_hash":"","footnotes":""},"categories":[303],"tags":[718,79,16,698,355],"class_list":["post-42992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bharat-web3-association","tag-blockchain","tag-crypto","tag-digital-assets","tag-web3"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/42992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=42992"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/42992\/revisions"}],"predecessor-version":[{"id":42995,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/42992\/revisions\/42995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/42993"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=42992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=42992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=42992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}