Indian Crypto Companies to Meet With Lawmakers Next Week: Report

A number of India’s most prominent crypto firms are set to meet with government officials next week to provide their views on the industry.

• India’s Parliamentary Standing Committee on Finance has arranged for a meeting on Monday to “hear the views of associations/industry experts on the subject ‘CryptoFinance: Opportunities and Challenges.’ ”
• It will be the first official meeting between the government and stakeholders in the crypto industry, Business Insider reported on Thursday.
• Crypto exchanges WazirX, CoinSwitch Kuber and CoinDCX, are reported to be among the invitees. WazirX, which is owned by Binance, the world’s largest crypto exchange by trading volume, confirmed the meeting, while CoinSwitch Kuber and CoinDCX declined to comment.
• At the start of this year, the Indian government looked set to introduce legislation to outright ban crypto, plans that have since appeared to soften.
• CoinSwitch Kuber was reportedly in talks with the government over regulation of the industry.

Read more: Crypto Adoption Numbers in India Could Be ‘Exaggerated,’ Says RBI Governor

UPDATE (Nov. 12, 11:02 UTC): Adds comment from CoinSwitch Kuber and CoinDCX in third bullet.