What’s up? The Internet and Mobile Association of India (IAMAI) has decided to shut down the Blockchain and Crypto Assets Council (BACC), the group said in a statement on July 14, multiple outlets have reported. Major crypto and blockchain players are now are trying to come together and build an independent body to highlight concerns within the sector. The BACC was set up in 2017 to represent cryptocurrency exchanges and startups working in the blockchain and related spaces. Its members include leading exchanges such as WazirX, CoinDCX, CoinSwitch Kuber, and other blockchain and non-fungible token (NFT) startups. What did IAMAI say? The IAMAI said that it will continue to support activities of the BACC till the end of July to ensure a “smooth and proper transition of the sector as well as the closure of the ongoing projects.” “The association…
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