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Crypto Can't be Stopped, but Must be Regulated, Indian Lawmakers Conclude
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The latest meeting - that had India’s parliamentary standing committee on finance discussing crypto-related issues with the industry’s representatives for the first time - saw the lawmakers concluding that it was impossible for the authorities to stop the crypto sector’s growth in the country, but also that cryptocurrencies need to be regulated.
During the meeting held on November 15, entitled 'CryptoFinance: Opportunities and Challenges', Indian MPs met with representatives of major exchanges, the Blockchain and Crypto Assets Council (BACC), and other industry insiders for the first time ever, as reported by Quartz India.
The participants "largely [...] agreed that there cannot be a blanket ban. But many concerns were raised and everyone
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