Indian State Working to Help Crypto Businesses Grow
Indian State Working to Help Crypto Businesses Grow

An Indian minister has reportedly revealed that a state government is working to protect businesses operating without a regulatory framework in India. They include cryptocurrency exchanges and crypto-accepting merchants. The move follows the arrests of the founders of a crypto exchange after they tried to set up an ATM-like kiosk at a local mall.

India’s Social Welfare Minister Priyank Kharge has reportedly revealed that the Karnataka state government “is working on setting up an Innovation Authority” with the aim “to protect consumer-friendly technology businesses that are operating in regulatory grey areas,” the Economic Times reported.

Source: https://news.bitcoin.com/indian-state-cryptocurrency-businesses/

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