Top Web3 News: India Launches Blockchain Forum To Boost Web 3.0 Adoption

[Gabbartoken]

India as a nation has encountered several regulatory issues regarding the dealing and trading of digital assets. However, in order to stay up with the developing global sector, a group of major influencers established the India Blockchain Forum.
Will blockchain forum boost Web 3.0 adoption?

According to reports, Telangana government officials launched the blockchain organization in Hyderabad with the goal of making India a worldwide hub in the Web 3.0 industry. It was stated that around 40 significant influencers had already joined the forum.

It added that the Blockchain forum seeks to create special interest groups in areas such as Metaverse and central bank digital currency (CBDC). The blockchain forum also intends to engage in policy development for effective blockchain deployment.

The Telangana government said that they will establish a Web 3.0 regulatory sandbox. This will allow entrepreneurs to develop solutions focused on tokenization, NFT, and other projects. The Sandbox will enable them to establish connections with stakeholders such as regulators and policymakers.

The India Blockchain Forum aims to establish community chapters around the country in order to raise awareness about Web 3.0. It added that the group is willing to collaborate with universities and some research institutions.

As per the report, the Blockchain Forum will expand its membership to stakeholders. This marks the beginning of their mission to build the world's largest Web 3.0 community.

Indian Govt Supports new tech?

Meanwhile, the Indian government and Central Bank have expressed reservations regarding the usage of digital assets in India. The voices of government officials became more powerful after the global crypto market crashed owing to the Terra LUNA collapse.

Earlier, RBI Governor emphasized that the asset class is a complete threat and that we must be wary of emerging market risks. He went on to say that the involved technology has enormous promise. This technology has aided the financial sector, and its benefits should be embraced by the industry.
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