The Indian government as well as the central bank – Reserve Bank of India (RBI) – has been quite inclined on introducing a ban on using crypto assets in India. However, local crypto firms and exchanges and putting their all-out effort to address the concerns that regulators have with crypto assets.
As per the article by Economic Times, Indian crypto exchanges shall be reaching out to top decision-makers including RBI and Finance Minister, ahead this week. As per WazirX CEO Nischal Shetty, India’s Blockchain and Crypto Council are ready with a presentation note.
The note involves details about how to bring fair regulations for digital currencies while addressing the risks associated with them. It also consists of discussion on the matter of cryptocurrency money laundering, the industry’s environmental impact, and the threat crypto assets bring to the financial stability of the Rupee.
Shetty said that they will also be sharing the presentation with the Department of Economic Af
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