🇮🇳 India's parliament just summoned the big three exchanges—Binance, Zebpay, and WazirX—for a May 20 sit-down on crypto regs, investor protection, and VDA policy.

This isn't just another hearing. India's been flip-flopping on crypto for years, and now they're pulling the actual platforms into the room. What comes out of this could set the tone for the entire subcontinent's crypto market.

Key things to watch:

• Will they push for stricter KYC/AML or outright bans on certain tokens?

• How will they handle taxation and reporting for VDAs (Virtual Digital Assets)?

• Is this a precursor to a CBDC rollout that sidelines private crypto?

If India softens its stance, we could see massive inflows from 1.4B people. If they tighten the screws, expect capital flight to offshore exchanges and P2P.

Mark your calendar. May 20 could be a pivot point for Asian crypto liquidity.