Parlaiament panel to meet crypto stakeholdes

The Parliamentary Standing Committee on Finance is expected to hold a "closed door" meeting with the top stakeholders of the cryptocurrency industry.

The committee, which is led by Lok Sabha member and former junior minister for finance Jayant Sinha, has invited India’s top crypto exchanges, members of the Blockchain and Crypto Assets Council (BACC), and analysts for the discussion. The BACC is part of the Internet and Mobile Association of India.

This is the first time the committee has invited stakeholders to discuss the industry "officially", according to people aware of the matter, even as the industry has aggressively engaged in backchannel conversations with the government over the past year.
The meeting will be held in the parliament building on Monday, ahead of the winter session. The agenda is defined as: “Hearing of the views of associations, industry experts on the subject of ‘CryptoFinance’: Opportunities and Challenges.”

A second person said the planned meeting with the committee signalled the seriousness to include the stakeholders before the draft Bill on cryptocurrency is tabled.

Top officials within the government, finance ministry and the Niti Aayog have been informally meeting members of the crypto industry this year and engaging in policy discussions.
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