A group of leading Indian blockchain influencers with expertise in trade, NFT, Metaverse, Cybercrime, etc., recently announced the formation of the India Blockchain Forum (IBF).The event at Hyderabad in the State of Telangana India was attended by the main secretary of the state government for the industry, trade and information technology, Jayesh Ranjan, the media report said. Hyderabad is the second largest technology center in India after Bengaluru.
India Global newly printed Indian blockchain
IBF to adopt a collaborative modelThe newly printed Indian blockchain advocacy platform says its vision is to make India a global center for blockchain and web 3. This will adopt a collaboration model and work with the government, regulators, industry, and research institutions to promote the web 3.
BF has adopted a 10 -point agenda that includes building Indian blockchain piles, accelerating startup ecosystems, supporting blockchain technology companies, and creates a collection of talents for sustainable growth from the blockchain ecosystem, the coverage said.A collection of influencers with domain expertise in various fields of blockchain will be used to form special interest groups (GIS) such as CBDC, Metaverse, and policy frameworks.
State government India Global promote web3
State government to promote web3 innovation3Launching India Blockchain Advocacy Platform, Ranjan said that the Government of the State State Telangana plans to release a regulatory sand box to promote a web application 3. This will help startup building blockchain solutions around NFT, Token, and other India Global applications.
India Global effective web 3 framework
“This sand box will help create meaningful dialogue among all stakeholders India Globalincluding regulators, startups, and policy makers to arrive at a nuanced approach in developing an effective web 3 framework,” he said.IBF in the midst of a tight Indian Crypto policyThe launch of the blockchain advocacy forum that focuses on India assumes the significance given the increasingly popular Cryptocurrency on the one hand and a strict approach of regulators and the government on the other.
New, the Indian Financial Crimes Investigation Agency, the Directorate of Enforcement (ED), freezes the Bank Wazirx and VAUD accounts on money laundering charges.Starting from April 1, India has begun to collect a large 30% capital gain tax and, from July 1, a 1% tax reduction at the source for all crypto transactions. These steps greatly affect the volume of trade.