The Bharat Web3 Association (BWA) has come up with guidelines for crypto startups in India. It mainly focuses on bringing more clarity and safety to the digital currencies segment in the country.
The newly released guidelines want to make sure that crypto startups abide to the rules and provide clear information as well as keep investors safe. Specific criteria has been given for listing tokens, rules for sharing information and state the importance of following the law. The guidelines further wants to reduce the risks associated with trading tokens and simultaneously protect investors from scams.
The guidelines are a roadmap to the startups and show what needs to be done to operate responsibly. Startups can build trust with investors and the investors on the other hand will feel more confident knowing that they are dealing with businesses that are transparent and following the rules.
BWA includes corporate giants like CoinSwitch, WazirX and CoinDCX. These companies have been working hard to shape India’s Web3 landscape. It is learned that they are also in talks with the government to make sure that the rules are fair and clear. With these guidelines, BWA is showing its commitment to helping India’s Web3 world grow in an orderly way.
The guidelines are being considered as important for India as these are not just about making investors feel safe, but also about making sure that the country stays ahead in the global economy. By working together with regulators, BWA is helping to make sure that India remains a leader in the segment.
