In Brief:
- India’s top crypto stakeholders have been invited to a meeting by government officials.
- Cryptocurrency exchanges such as CoinSwitch Kuber and CoinDCX reportedly invited.
- The Parliamentary Standing Committee on Finance will host the conference.
The Parliamentary Standing Committee on Finance in India has scheduled a meeting with the country’s top crypto stakeholders. This will be the first ‘official’ meeting with stakeholders.
The date for the meeting has been set for November 15. The Lok Sabha Secretariat has issued an official notice informing stakeholders about this meeting.
The meeting’s topic is “Hearing of the views of associations/industry experts on the subject of ‘CryptoFinance’: Opportunities and Challenges,” according to the notice.
India Internet and Mobile Association (IAMAI) Blockchain and Crypto Assets Council (BACC) members, CoinSwitch Kuber, CoinDCX, WazirX, Unocoin, and others, have been invited.
Ahead of the official meeting, the committee that is led by former junior minister for finance and Lok Sabha member Jayant Sinha, has reached out to top cryptocurrency exchanges with a set of questions. It has inquired about the crypto industry’s potential to contribute to India’s digital ambitions.
Cryptocurrencies are rapidly gaining popularity among Indian investors, and the government is taking notice. This is also seen as a significant development given that the government was considering a complete ban on virtual currencies early this year.
