Indian Crypto Community Gathers to Dispel Confusion About Regulation

As the Indian government deliberates on the country’s crypto policy, there has been some confusion in media reports regarding crypto regulation in India. A group of local crypto enthusiasts and community members have gathered in an effort to ensure that the crypto situation in India is accurately portrayed.

Also read: Indian Lawmaker Says ‘Cryptocurrency Is Inevitable’

Problem With Misinformation

While the Indian government has not decided on the direction of the country’s crypto policy, a number of media reports have painted an inaccurate picture of the actual situation. The banking restriction by the Reserve Bank of India (RBI) and the draft bill to ban cryptocurrencies have contributed to misleading reports such as India banning cryptocurrency or crypto exchanges and prohibiting crypto trading or owning cryptocurrencies.

To prevent misinformation from spreading, a number of Indian crypto industry stakeholders and community members gathered…