We are back with amazing news. As mentioned in the news dated 24 September, we have launched the first draft of the Crypto Regulatory Sandbox marking a Strong foundation to include “Crypto” or “Virtual Assets” as part of the growing Indian economy.
Get your first copy Here - buyucoin.com/sandbox
Sandboxes are meant to promote innovation with the help of Technolgy Experts and Policy Makers. Legal status for Crypto in India will have a direct impact on the Indian economy during the pandemic and in the future. This includes and not limited to innovation in the blockchain sector, job opportunities, taxes to the government for declaration of income from crypto trading, and more. A ban on these assets on other hand will have opposite outcomes.
We have divided the efforts towards this Sandbox in 4 ways
The regulatory sandbox which will be a ready-made set of guidelines for the central authorities in action to regulate crypto with short term and long term goals made with the help of International Regulatory Advisors, Blockchain Experts, YouTube Influencers, and Editors & Journalists from across the globe.
Read the first draft of Sandbox
An Autonomous SRO (self-regulated organization) supporting an open-source API to help governments authorities to safeguard our (crypto exchange) users and investors interests and also to provide the visibility on the transactions to fight AML & CFT (Anti Money Laundering and Combating Financing of Terrorism).\
Read the API Whitepaper Here - Whitepaper
The Roadmap ahead (30-90 days)
In the coming weeks, we will be there will be a lot of action. From onboarding mainstream influencers and advisors to hosting AMA sessions. API development, partnerships, Guests Talks from your favorite Youtube Supporters in Crypto and Legal Matters, and much more to lobby this movement to action and bring the dream of crypto regulation a reality.
Most Importantly, the true value of all these efforts is derived from the community and we need you to actively support us on this and spread it like fire to show to the world that we have a voice and we can make the impossible, possible.
Let’s show the world, go to your social handle and make a post with #buyucoinsandbox #indiawantscrypto
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Forward this email to your Crypto Buddies, and spread the word!
Read in the news - Latest Headlines by Buyucoin on Sandbox
Crypto industry led by BuyUcoin proposes Sandbox for Cryptocurrency regulation in India
Major Indian exchange proposes new regulatory framework to avoid crypto ban
Indian exchange proposes sandbox to avoid countrywide crypto ban
Mobikwik to Offer 100 Million Indian Users Cryptocurrency Trading Via Buyucoin Integration
Indian crypto exchange creates sandbox for cryptocurrency regulation