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