As speculations about an impending ban on cryptocurrencies refuse to die down, stakeholders in India are pulling out all stops to get the government on their side. Last month, Nischal Shetty, CEO, and founder of Mumbai-based crypto exchange WazirX told Inc42 that major Indian crypto exchanges were working together under the aegis of the Internet and Mobile Association of India (IAMAI) to come up with a self-regulation charter.
“We don’t want to further the notion that because there is no law, so crypto exchanges in India have a free hand. We have a draft version ready for our code of conduct and are updating the guidelines in line with the technology changes that have happened in the last few years,” said Shetty.
https://inc42.com/buzz/cryptocurrency-this-week-crypto-earnings-should-be-taxed-says-buyucoin/
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
