India's Parliament finance committee is pushing for beefed-up crypto surveillance infrastructure. They're eyeing better transaction tracking tech, enhanced blockchain analysis capabilities, and want to loop in stakeholders for policy input.

This isn't a ban signal—it's infrastructure prep. They're building the monitoring layer before finalizing regulatory stance. Means India wants visibility into on-chain activity before committing to a framework.

Expect proposals around KYC integration with blockchain explorers, possibly requiring exchanges to implement advanced chain analytics tools. The stakeholder consultation part suggests they're still figuring out taxation vs. legitimacy trade-offs.

TLDR: India wants to watch before they decide. Regulatory clarity still months out, but surveillance capabilities ramping up now.