Blockchain And Cryptocurrency Committee Of India Bacc

PocketBits is one of the members of the Blockchain and Cryptocurrency Committee BACC part of the wider tech industry association Internet and Mobile Association of India IAMAI. Ajeet Khurana who recently took over as the Head of the Blockchain and Cryptocurrency Committee of India BACC clears the air on the issue in conversation with YourStory.

A Desi Crypto Revolution

At the outset the draft says that members of the Blockchain and Crypto Committee BACC of the IAMAI will need to follow the Reserve Bank of Indias rules on KYC.

Blockchain and cryptocurrency committee of india bacc. This petition had 126989 supporters. As far as the exact content of what he said we are neutral-to-positive about it. PocketBits is one of the members of the Blockchain and Cryptocurrency Committee BACC part of the wider tech industry association Internet and Mobile Association of India IAMAI.

However pressure groups like the Association for Blockchain Crypto and Digital Asset Entrepreneurs ABCE and the Blockchain and Crypto Committee BACC drove government engagement. The Indian government realizes that crypto is being adopted globally by corporations like PayPal Tesla and top. Also ABCE noted that the government asked detailed questions.

Most of the leading cryptocurrency exchanges are members of the BACC. Most of the leading cryptocurrency exchanges are members of the BACC. Ajeet Khurana Head Blockchain and Cryptocurrency Commitee of India BACC Ajeet Khurana who recently took over as the Head of the Blockchain and Cryptocurrency Committee of India BACC clears the air on the issue in conversation with YourStory.

Ajeet Khurana head of the committee emphasized that This is one of the proposals we are planning to submit to the government committee which is looking into the issue of cryptocurrency. The exchanges are members of the Blockchain and Cryptocurrency Committee BACC of the Internet and Mobile Association of India IAMAI which has seven members that are crypto exchanges. The Blockchain and Cryptocurrency Committee of India BACC is formed under the Internet and Mobile Association of India IAMAI.

A lobby group or advocacy group is an organization usually consisting of several different parties with similar interestsgoalsbeliefs who band together to campaignadvocate and support their organizations common agenda. The Blockchain and Cryptocurrency Committee BACC of the Internet and Mobile Association of India IAMAI is happy that the Finance Minister has recognized the importance and popularity of cryptocurrency and has chosen to talk about it on budget day. The Blockchain and Crypto Assets Council BACC which lobbies for crypto sector regulations said that Singapore had proactively taken measures to prevent nefarious activity without impending technology innovation which India could learn from.

Bitcoin is not illegal as per existing laws. BACC has been campaigning for a regulatory framework as an alternative of an outright ban. The Blockchain and Cryptocurrency Committee of India BACC is formed under the Internet and Mobile Association of India IAMAI.

PocketBits is among the members of the Blockchain and Cryptocurrency Committee BACC a part of the broader tech trade affiliation Web and Cellular Affiliation of India IAMAI. Blockchain and Cryptocurrency Committee BACC of IAMAI started this petition to Mr Arun Jaitley Finance Minister and 2 others. The committee includes other cryptocurrency companies that operate in India such as Binance Unocoin CoinDCX ZebPay WazirX Luno and Coinswitch.

Ajeet Khurana has been named as the head of the Blockchain and Cryptocurrency Committee of India BACC. These are sourced from the Blockchain and Cryptocurrency Committee BACC a freshly-minted collective of half a dozen of the bigger exchanges in the. As per media reports a parliamentary committee is setup to look into the future legality of bitcoins and cryptocurrencies.

BACC has been campaigning for a regulatory framework instead of an outright ban. With previous stints as CEO of the business incubator at IIT Bombay advisor to Kalaari Capital and ii5 Ventures among others Khurana is a familiar face in technology ventures and innovation. MediaNama has seen a draft of the Code of Conduct prepared by the domestic crypto-currency and blockchain industry under the aegis of the Internet and Mobile Association of India IAMAI.

Ajeet Khurana has been named as the Head of the Blockchain and Cryptocurrency Committee of India BACC. The Blockchain Association is a cryptocurrency lobby consortium founded September 11th 2018. With previous stints as CEO of the business incubator at IIT Bombay advisor to Kalaari Capital and ii5 Ventures among others Khurana is a.

The committee members were speaking at a virtual conference on Evolving Crypto Regulatory Framework - Developments in India and. As a result their efforts have been noted as having helped change the governments view of crypto. It is an advocate of digital financial innovation and works with different stakeholders in the Government and industry bodies.

At the outset the draft says that members of the Blockchain and Crypto Committee BACC of the IAMAI will need to follow the Reserve Bank of Indias rules on KYC and Anti-Money Laundering norms.

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