"It is unfortunate that this has happened when things have become difficult," an industry source said.
The move was announced as a"collective decision" in a video conference call with industry stakeholders and representatives of crypto exchanges. "We were told that the IAMAI has distanced itself from advocacy for crypto exchanges," one of the people said.Differences hadwithin the IAMAI and some members of the BACC on how to react to the imposition of stiff taxes on crypto trading. Some industry participants felt a legal challenge was the best way forward, a view that was not supported by the IAMAI.
Representatives have not yet had a conversation about whether a new body will be formed to advocate for the industry.Clarifies purpose of industry body in headline, first paragraph; reorders and tweaks wording throughout.
amitoj Tech / crypto founders too busy making money to care about the big picture. Disappointing. NeverGiveUp Hopefully another body emerges soon.
amitoj I'd like to know how many people there use usdt often
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