Crypto Community in 4 Indian Cities To Voice Regulatory Suggestions

India has been in the news recently for its crypto regulations, where the government has affirmed that they are on the verge of finalizing the crypto regulation framework to authorize crypto use in the country. This has led to a crypto movement where the “Blockchained India” organization has been conducting roadshows in different cities encouraging crypto enthusiasts to share their ideas on the regulations, and the best ones would be submitted to the government authorities involved in drafting the final regulations.

The theme of the roadshow is titled, “Does India Need crypto regulations?” The roadshow will be followed by one of the largest blockchain event conducted by the same group, called “Indian Dapp Fest” scheduled to take place in May.

The organization set a target of 4 town hall meetings, out of which 2 have been already commenced in Delhi and Mumbai. The last leg of the meetings would take place in Hyderabad and Banglore. One of the organizing members of the event was quoted,

“So far, everything that has been happening on a national level (for crypto) has been about cryptocurrency exchanges, primarily. We wanted to unite the community which also includes, investors, stakeholders, developers, and make them a part of the conversation.”

The founder member of Blockchained India Akshay Aggarwal in his Twitter address made it clear that the intention behind the roadshow was pure and totally focused on helping out the crypto community in the country to reap the fruits of their hustle.

He has also urged everyone related to crypto join the movement to make India a moving force in the crypto space. On March 6th he tweeted,

“it’s time for you all this Saturday to share your opinions around whether India needs crypto regulations. The best ones will be included in the report to be submitted to the decision makers amongst the government.”

The Crypto Movement Gains Voice from all Corners of India

During the Mumbai leg of the event, Nischal Shetty, the CEO of cryptocurrency exchange Wazirx joined the movement. Shetty has been quite active in voicing his opinion on user-friendly crypto regulations in the country.

During the event, he talked about how RBI being an autonomous body cannot be directly interacted with, but the ministers who have been voted to power by the citizens must take up the case with the considered authorities to make sure that Indian crypto community gets what they deserve.

Final Thoughts

Inda has been the hot topic in the crypto space since the Supreme court in the country has given the crypto drafting community a deadline of four weeks to finalize the crypto regulations. Supreme court was scheduled to hear pending petitions and cases related to cryptocurrencies but in absence of any ground rules that was quite difficult.

Hopefully, after the intervention of the Supreme court, the regulatory bodies get their senses and finalize the regulations in time to help the Indian crypto community get the freedom to deal in cryptocurrencies.