Members of the parliamentary finance committee in India met with representatives from the local cryptocurrency industry the other day.
As reported by CoinDesk, different representatives from the financial industry also attended the meeting, which took place in Bengaluru.
Officials from the finance committee, during the meeting, heard about some shortcomings in the cryptocurrency sector. ailments they expressed.
According to the quoted finance committee, representatives in the cryptocurrency industry tackling risks such as terrorism financing rather than trying to from “trying to defend” the cryptocurrency industry uncomfortable.
A person who attended the meeting, but whose name was not shared, made the following statement to the press:
“(Those in the cryptocurrency industry) have not taken any action regarding the concerns we have raised before. They keep doing the same thing. We also complained to them about it. We are tired of trying to defend the industry all the time. Because instead, they need to try to solve the challenges posed by the government. They have to come with plans and measures.”
During the meeting, officials from the finance committee also made crypto money from industry officials. presenting a new model for their regulationon how to prevent transactions such as terrorism financing and money laundering. make plans requested for.