Informed sources: The Indian encryption industry has established a new advocacy agency BAW, with key members including Polygon, Hike, etc.

According to CoinDesk, citing people familiar with the matter, the Indian cryptocurrency industry has established a new advocacy body, Bharat Web 3 Association (BAW). representing the nation of India. Key members of the new association include Polygon, Hike, Coin DCX, CoinSwitch Kuber, Zebpay, and Wazir X. While some registrations and procedures are still being processed, the association's goals include raising awareness about Web3, driving technology and innovation, supporting ecosystem partners and reaching out to regulators to communicate steps to protect consumers, the people said. Foresight News previously reported that BACC was dissolved in July by its parent organization, the Internet and Mobile Association of India (IAMAI).