The Bharat Web3 Association, the body representing the crypto industry, said it had asked the Ministry of Finance for this step, and the move was welcomed by industry leaders, including Ashish Singhal, co-founder of of crypto exchange CoinSwitch Kuber, Sumit Gupta co-founder of its rival CoinDCX, who both tweeted their support.
India’s Crypto Regulation Now Has Teeth, Experts Say
