India’s Crypto Industry Advocacy Body Is Disbanded by Parent: Sources

Reasons for the decision included a lack of maturity among crypto founders when dealing with government, inaction around critical matters despite prompting by India’s parliamentary finance body, and the creation of a counterproductive environment, a person with knowledge of internal consultations said. The IAMAI felt it was risking a reputation and credibility earned over years of working with new industries and it was time the crypto industry recognized it needed to change its approach, a person familiar with the exchanges between industry and the body said.

Source: https://www.coindesk.com/policy/2022/07/14/policy-body-representing-indias-crypto-ecosystem-disbanded-sources/?utm_medium=referral&utm_source=rss&utm_campaign=headlines