The 2019 Indian general elections just concluded on 5/19, and the emotions of the people still linger on this world's largest democratic exercise. Prime Minister Narendra Modi, who has been re-elected, along with the Indian crypto community, now shift their focus towards the upcoming cryptocurrency industry regulations to be released by the Supreme Court.
According to a report by
Cointelegraph, India's largest blockchain community,
Blockchained India, is set to host a five-day conference called "India Dapp Fest 2019" in Bengaluru, the IT hub of India, in June. Through this conference, Blockchained India has submitted a "Blockchain Friendly Regulation Draft Report" to the Indian government to express the views of all stakeholders in the Indian blockchain space.
Blockchained India successfully organized town hall events in four major Indian cities in March and expanded to three additional cities in April. Through these town hall roadshows, over 1,000 blockchain professionals gathered to contribute their insights to the upcoming blockchain-friendly regulations.
The term "roadshow" originates from the English term "Roadshow," initially widely used as a promotional method for securities issuance internationally. Over time, it has expanded beyond the securities field, referring to a way to give speeches, demonstrate products, promote ideas, and promote one's company, group, product, or idea in public.
To make the regulatory report more concise and clear, Akshay Aggarwal, co-founder of Blockchained India, is currently visiting Crypto Valley in Switzerland. Switzerland is one of the world's largest centers for blockchain and crypto industries, supporting the cryptocurrency industry through friendly policies. Aggarwal will closely interact and engage in in-depth discussions with Swiss enterprises, startups, developers, investors, and policymakers.
Aggarwal is analyzing Switzerland's regulatory approach to blockchain technology, including platforms and practical cases, to serve as evidence for the blockchain-friendly regulation draft report in India. He envisions showcasing how blockchain-friendly countries leverage the advantages of emerging technologies. While India is still grappling with the decision to ban or impose strict regulations, this trip to Switzerland could have a significant impact on Indian citizens holding crypto assets.
It is understood that this year's India Dapp Fest 2019 will have participation from top executives of major blockchain companies such as IBM, Mahindra Group, Accenture, PwC, ConsenSys, R3 Corda, Tezos, and more.
