India's Parliamentary Finance Body 'Chides' Crypto Industry in Meeting: Sources

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India's parliamentary committee on finance expressed 'displeasure' about the industry overstating the importance of 'advocacy' rather than focusing on risks associated with crypto such as terror financing, at least two sources said. By Amitoj Singh

India's parliamentary finance committee met with representatives of the crypto industry in Bengaluru on Wednesday, said three people familiar with the matter.

"They [the crypto industry] haven't done anything since the last time we raised concerns," said a source present at the meeting. The committee was reportedly displeased with the industry's focus on"advocacy" rather than a plan to deal with risks like terrorism financing.

 

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