The government of India invited stakeholders from the cryptocurrency industry to formally have a discussion. This meeting would likely be about the future of cryptocurrency in India. Along with concerns like misleading claims and advertising about the working of cryptocurrency were discussed.
There are a lot of misleading claims about cryptocurrency, like huge returns on investments. One of the outcomes of the meeting would be stopping the advertisements, which are non-transparent and misleading to the audience.
The government is closely keeping a watch on the industry as it is one of the fastest growing industry. Apart from that, the govt. of India also assured that it would take proactive steps depending on the progress and demand in the industry. Being a global industry, it would most likely be welcomed by India to grow. As there are no boundaries involved, government of India will keep precautious measures before realizing anything.
