Crypto Enthusiasts in 4 Indian Cities Unite Over Regulatory Suggestions

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Indian Crypto Crowd

A community roadshow has been pulling together crypto fanatics in a number of cities in India to share their suggestions on the country’s crypto law. “The very best ones will be integrated in the report to be submitted to the decision makers between the government,” the leader of the events explained.

Crypto Enthusiasts United

Blockchained India has entertained a series of roadshow meetups in a several cities in the country where it has chapters. The subject of the conventions is “Does India need crypto regulations?” These particular events pertain to a run-up to the group’s larger event called the “India Dapp Fest” which is planned for May.

There are 4 open town hall meetings altogether. One is being held on March 16 in Hyderabad. Two have previously been held: one in Delhi and the other in Mumbai. The fourth conference in the series will occur in Bangalore on March 30. Manav Ailawadi, an essential member of the group, was quoted by Crypto News India on Friday as explaining:

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.

Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions

Blockchained India co-founder Akshay Aggarwal tweeted on Friday that “The intentions with this roadshow are pure. We would like to help the good folks hustling day and night from the crypto space.” He has urged the community to join in on the roadshow and voice their viewpoints involving the crypto regulation in India. On March 6, 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.

Aggarwal told news.Bitcoin.com earlier on this month that many people who are unable to take part in the meetings physically are emailing his organization their thoughts, concerns and ideas so they too can be considered and perhaps included in the report ultimately to be submitted to the government.

Mumbai Event

During the Mumbai event last week, Crypto News India disclosed that roughly 100 men and women and between 70 and 80 founders from crypto exchanges and other crypto-based firms attended. Additionally, there were attorneys, financiers, marketers, and analysts at the event, Ailawadi told the news outlet.

Crypto enthusiast Aman Kalra tweeted on March 10 after talking at the Mumbai event that he talked about his views: “on possible regulations around crypto in India and how we as a community can contribute to it.” He elaborated, “It was great discussing all of this with our energetic community.”

Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions

‘India Wants Crypto’ Campaign

The CEO of cryptocurrency exchange Wazirx, Nischal Shetty, also spoke at the event in Mumbai. He commenced a Twitter campaign on Oct. 31 last year asking for constructive crypto regulations. The initiative has entered into its 135th day.

According to Aggarwal, Shetty detailed to event attendees: “We didn’t select the RBI but the ministers who are supposed to make the decisions for us. Humbly I started Indiawantscrypto campaign tagging the ministers we selected, hoping someday they will notice us.”

The Indian government is currently drafting the regulatory composition for cryptocurrencies. On Feb. 25, the country’s supreme court gave the government four weeks to come up with crypto regulation. The court will then hear the petitions opposing the crypto banking ban by the country’s central bank, the Reserve Bank of India (RBI).

What do you think of these meetings? What opinion would you voice to the Indian government? Let us know in the comments section below.


Images courtesy of Shutterstock.

The post Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions appeared first on Bitcoin News.

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