The IT Minister of Telangana, KT Rama Rao (KTR), offered to lobby for the crypto industry’s cause with the Indian government.
In a recent podcast with comedian Tanmay Bhat, the minister said, “One of the things that I want to do, my principal secretary (Jayesh Ranjan) has been on top of this, is we want to take it up with the Government of India and understand what exactly their concerns are and we also want to play that role being a sort of advocate, partner for the industry.”
Rao also commented about the government’s ‘ambivalent’ stance regarding the crypto industry and sought more clarity on laws surrounding it.
He further said, “I would be more than happy to work with the crypto industry, leaders who are migrating to Dubai and other places, to sit with them, to have a conversation with them and go and meet the Finance Minister, Commerce Minister and IT minister and tell them that we cannot afford to have this.”
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