India's Crypto, Web3 Industry Said to Form New Advocacy Body

Leading members of the new association involve Polygon, Hike, Coin DCX, CoinSwitch Kuber, Zebpay, and Wazir X, making it the most prominent Web3 advocate in the country. While some registration and procedural formalities remain, the association is set to be announced Thursday, the people said.

The goals of the body include driving awareness about Web3, pushing for technology and innovation, supporting ecosystem partners, and outreach to regulators to communicate steps towards consumer protection.

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High Taxes Can Kill the Crypto Industry in India, CZ CautionsBesides existing taxes, a new draft ITR form suggests that foreign businesses could be taxed if they have got a user base in India.
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Fireblocks Head of Web3: Traditional finance is diving deeper into cryptoTraditional financial firms are exploring crypto more deeply, said Fireblocks’ Head of Web3, with some now running validators.
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