Indian Web3 Players form new association months after BACC closure

The web3 startups in India have formed a new lobby which consists of WazirX, Hike, CoinSwitch Kuber, CoinDCX, Coinbase and Polygon as members, among others.

Bharat Web3 Association (BWA) was formed a few months after the Internet and Mobile Association of India (IAMAI) disbanded the Blockchain and Crypto Assets Council (BACC). Members of BWA will come from a variety of industries, including NFTs, Web3 Gaming, Infrastructure Providers, Virtual Digital Assets (VDAs), and Token Projects. The upcoming G20 meetings will provide India with an excellent opportunity to lead a collaborative regulatory framework for digital assets: BWA.