Sumit Gupta: SRB creation by BWA Ind represents major moment for VDA industry

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SRB creation seen as milestone for VDA

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Yaroslav Dmytrenko

29.10.2026

Sumit Gupta: SRB creation by BWA Ind represents major moment for VDA industry — SRB creation seen as milestone for VDA

The establishment of the SRB by BWA Ind has been described by Sumit Gupta, co-founder and CEO of CoinDCX, as a milestone moment for the VDA industry.

Gupta expressed pride in teams across various Web3 companies for their role in this development and characterized it as reinforcing a commitment to responsible, compliance-first growth.

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Earlier, Sumit Gupta highlighted that India collected ₹1,096 crore in crypto TDS from FY22-23 to FY24-25, with an estimated ₹19,049 crore in uncollected TDS since July 2022, according to previous reports. He has also cited projections that bitcoin will be the best-performing asset of the decade, as noted in JPMorgan research. These insights come as the industry focuses on regulatory compliance and growth.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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