Top Indian tech advocacy group drops crypto over regulatory uncertainty

The leading influential technology lobby group in India is turning its back on advocating for crypto in a major setback for the local ecosystem in the South Asian nation.
Internet and Mobile Association of India, an 18-year-old lobby group, said Thursday it is dissolving the Blockchain and Crypto Assets Council, its four-year endeavor to support and lobby for the nascent technology category.
The association said in a statement that it was forced to take the decision because “a resolution of the regulatory environment for the industry is still very uncertain.”
“The association would like to uti

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