Too legit to quit
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Keen to establish themselves as legitimate businesses in the eyes of banks, India’s
crypto exchanges are uniting under the Internet and Mobile Association of India to draw up and implement a code of conduct.
Also in this letter:
Crypto exchanges draw up ‘legitimacy plan’
India s
cryptocurrency industry plans to overhaul and standardise its disclosure and compliance mechanisms to establish itself as a legitimate business in the eyes of banks.
What’s the plan? Leading cryptocurrency exchanges such as WazirX, CoinDCX and CoinSwitch Kuber have partnered with the Internet and Mobile Association of India (IAMAI) to set up an advisory board that will implement a code of conduct for the industry, sources told us.
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