Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions

Crypto enthusiasts have been voicing their ideas on the country’s crypto regulation in several cities in India, united by a community roadshow. “The best ones will be included in the report to be submitted to the decision makers amongst the government,” explained the organizer of the events.

A series of roadshow meetups have been hosted by Blockchained India in a number of cities in the country where it has chapters with the theme “Does India need crypto regulations?” These events are part of the run-up to the group’s main event scheduled for May called the “India Dapp Fest”.

The first of the four open town hall meetings where held on March 16 in Hyderabad. Two more had already been held, one in Delhi and the other in Mumbai. Bangalore will be the venue for the fourth meeting in the series on March 30. Manav Ailawadi, a key member of the group, was quoted as saying: “So far, everything that has been happening on a national level (for crypto) has been about cryptocurrency exchanges, primarily. We wanted to unite the community which also includes, investors, stakeholders, developers, and make them a part of the conversation.”

Akshay Aggarwal co-founder of Blockchained India tweeted on Friday that “The intentions with this roadshow are pure. We want to help the good folks hustling day and night from the crypto space.” Agarwal has appealed to crypto enthusiasts across the country to use the roadshows as a platform to voice their opinions and hopefully bring about a change. On March 6, he tweeted: “… it’s time for you all this Saturday to share your opinions around whether India needs crypto regulations. The best ones will be included in the report to be submitted to the decision makers amongst the government.”

Mumbai Highlights

Crypto News India reported that the Mumbai event was attended by approximately 100 people and between 70 and 80 founders from crypto exchanges and other crypto-based companies. The event also entertained lawyers, investors, marketers, and researchers, the news outlet learned from Ailawadi.

Crypto enthusiast Aman Kalra tweeted after attending the Mumbai event on March 10 that he shared his views “on possible regulations around crypto in India and how we as a community can contribute to it.” He went on to remark that, “It was great discussing all of this with our energetic community.”

India Wants Crypto

Nischal Shetty, the CEO of cryptocurrency exchange Wazirx, also spoke at the Mumbai event. Shetty had started a Twitter campaign on Oct. 31 of last year demanding positive crypto regulations. The campaign is still going strong and has passed its 135th day.

According to Aggarwal, Shetty explained at the event: “We didn’t select the RBI but the ministers who are supposed to make the decisions for us. Humbly I started Indiawantscrypto campaign tagging the ministers we selected, hoping someday they will notice us.”

The Indian government is currently in the process of drafting the regulatory framework for cryptocurrencies. The supreme court of India gave the government four weeks to come up with crypto regulation on the 25th of February. The court will then hear the petitions against the crypto banking ban by the country’s central bank, the Reserve Bank of India (RBI).

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