According to The Times of India, India’s Maharashtra state legislature has passed amendments to the 1999 Depositor Interest Protection (Financial Institutions) Act (MPID Act), officially bringing virtual digital assets (VDAs)—including cryptocurrencies and other blockchain-based digital tools—within the regulatory scope of the act. The amendment requires financial institutions to deposit 50% of their total debt as a margin before appealing a recovery order, aiming to curb financial institutions from delaying repayment to investors through lengthy appeal procedures. The amendment allows courts to legally seize, appraise, and liquidate crypto assets involved in fraud to compensate victims.