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Indian MP Proposes Tokenization Bill to Empower Real-World Assets

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Indian Lok Sabha MP Raghav Chadha introduced a 'Tokenization Bill' in the Rajya Sabha to create a legal framework for blockchain-based real-world asset (RWA) tokenization. The bill seeks to define tokenized assets, prevent data sovereignty loss, and reduce risks from unregulated foreign transactions. Chadha highlighted the potential of blockchain to enable fractional ownership and financial inclusion. He also urged the creation of a regulatory sandbox for testing tokenization products. The proposal addresses what is seen as a critical gap in India’s digital asset policy.
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