Bharat Web3 Association
@BWA_Ind
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Apex body for leading Web3 technology companies in India | Position India as a global hub for innovation on Web3's opportunities and future.
New Delhi
Joined October 2022
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BWA met with senior officials of the Department of Economic Affairs. Click to read more:
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Bringing the next big thing for the world of technology to centre of India’s high-tech industry, Bengaluru. Join us on
#NamasteWeb3
by
@ForbesIndia
&
@CoinDCX
, on 28th January.
Register Now!
9
8
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In a panel discussion at the Digital Transformation Thought Leadership Program 2022, BWA member company representative, Mridul Gupta, COO, CoinDCX shared his views on the evolution of blockchain & why it’s a gamechanger for implementing decentralized decision making.(1/2)
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7
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Tune into
#BWATalks
our Twitter Spaces event on ‘ITR Filing with Crypto Income’. Learn from experts at
@KoinXOfficial
,
@TaxNodes_
and
@WazirXIndia
.
When? 6pm IST, 28th July Friday
Where?
@TheWeb3CA
@m_shivna
@CSaudamini
5
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Mridul Gupta, stressed the need for key stakeholders to collaborate to ensure orderly growth of the Web3 ecosystem in India. (2/2)
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We're excited to partner with
@EmergingTechTS
to build a thriving
#Web3ecosystem
in Telangana. We'll work closely with the Web 3.0 Regulatory Sandbox to help Telangana achieve its vision of becoming a leader in the field of Web3. Thank you
@jayesh_ranjan
@ramadevi_lanka
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8
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BWA Chairman Mr. Dilip Chenoy was part of the panel discussion on Opportunities, Challenges & Policy Considerations of Web3 at the Startup20 event in Gurugram on 4th July 2023 wherein he emphasized the role of the government in creating a supportive ecosystem for the technology.
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32
@BW3Association
was proud to be a part of the roundtable discussions held by the
@EmergingTechTS
on creating a policy framework for Asset Tokenization standards on 22nd July 2023 in Hyderabad.
#assettokenization
@ramadevi_lanka
@jayesh_ranjan
1
6
30
Bringing the next big thing for the world of technology to centre of India’s high-tech industry, Bengaluru. Join us on
#NamasteWeb3
by
@ForbesIndia
&
@CoinDCX
, on 28th January.
Register Now!
6
4
21
We're thrilled to announce that Mr. Dilip Chenoy has been appointed as the Chairman of the Bharat Web3 Association.
Under his leadership, we're excited to see the association grow and make significant progress towards our mission.
#BharatWeb3
#Web3
#Blockchain
#Leadership
3
1
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Find out what Kavin Bharti Mittal has to say about Web3 and India’s G20 Presidency in an interview with
@BWBusinessworld
Link to the interview:
@kavinbm
@Team_Hike
2
5
20
We are partnering with
@HashedHODL
to host the Global Cryptolaw Symposium: Bridging the Web3 Gap on 8 December 2023 at Bengaluru, during India Blockchain Week (
@IBWofficial
) !
Sign up quickly below! We’ve got limited seats so don’t miss out!
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"Web3 will help the accountants and financial analysts find solutions to several problems currently plaguing the industry."
🇮🇳 FM, Nirmala Sitharaman at World Congress of Accountants 2022
5
1
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Demystifying Web3 via our DID YOU KNOW series.
WHAT IS BLOCKCHAIN?
#blockchain
#Web3
#blockchaintechnology
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0
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Demystifying Web3 via our DID YOU KNOW series.
Virtual Digital Assets (VDAs)
#VDA
#blockchain
#blockchaintechnology
#nonfungibletokens
#nfts
#web3
#digitalassets
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We are thrilled to launch our
#awarenessinitiative
ahead of the
#taxfiling
deadline
Learn "How are VDA's Taxed in India?" and "Filing the Right ITR".
A huge thank you to our collaborators
@TaxNodes_and
@KoinXOfficial
for providing the content.
Stay tuned for more updates!
1
2
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Demystifying Web3 via our DID YOU KNOW series.
#VDA
#blockchain
#blockchaintechnology
#web3
#digitalassets
#digitalwallets
#web3community
2
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A progressive regulatory framework has the potential to establish India’s virtual digital assets leadership, writes R Venkatesh, SVP-Public Policy,
@CoinSwitch
For more:
1
2
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It was our honour to collaborate on the workshop for "Demystifying Web3” organized by
@GoI_MeitY
.
Discussions revolved around the technology behind Web3, its use cases and applications. Thank you to MEiTY, and all the speakers and participants for making the workshop a success.
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India is set to become a Web3 powerhouse despite regulatory uncertainties. The Web3 sector has immense growth potential to contribute to the Indian economy.
We hope that the Government rationalizes the taxation framework applicable to VDAs in the upcoming Union Budget 2024.
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'Namaste Web3' moved to Pune this Saturday as Industry Experts discussed how Web 2 limitations are opening New Doors for Web3! Onwards and upwards from here 🚀🚀
@ForbesIndia
@CoinDCX
#NamasteWeb3
#NamasteWeb3Pune
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On 7 February, BWA successfully hosted the first Founders Forum to facilitate dialogue among the founders and carve a path for the future of BWA.
We would like to thank Mr Vivek Aggarwal, Director - FIU, for his keynote address and the founders for their time and contribution.
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1
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1/ Joint Response to IOSCO 🌐
We've joined forces with
@web3canada
,
@sg_blockchain
, and
@EuCInitiative
to bring a new perspective to IOSCO's Policy Recommendation Consultations for
#DeFi
.
Here's an overview of it 👇🧵
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At the
#NamasteWeb3
event by
@ForbesIndia
and
@CoinDCX
, our Chairman joined esteemed panelists on discussions around promising developments on the horizon for Web3, with India leading the way.
1
1
11
Demystifying Web3 via our DID YOU KNOW series.
#VDA
#blockchain
#blockchaintechnology
#digitalwallets
#nfts
#web3
#digitalassets
4
1
12
Demystifying Web3 via our DID YOU KNOW series.
TYPES OF BLOCKCHAIN..
#blockchain
#Web3
#blockchaintechnology
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This article by
@avinash_shekhar
(Founder
@TaxNodes_
and Associate, BWA), accurately analyzes the risk of trading Cryptos on international exchanges. A must read!
For more:
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The roundtable discussion conducted by
@RIS_NewDelhi
and
@BW3Association
has been kickstarted with the Inaugural Address given by
@Sachin_Chat
, he speaks on the necessity to develop a global and policy framework to harness the potential of blockchain!
#blockchain
#BWA
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10
Our monthly newsletter--Web3 Unpacked--is here.
In this edition, we deep dive into how India is shaping the global narrative around regulation of VDAs. Read it now on
@LinkedIn
!
#Web3unpacked
#G20
#India
#GlobalNarrative
#DigitalEconomy
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BWA is delighted to announce that
@CoinSwitch
our founding member, has compiled a compendium of questions in the Parliament on Blockchain, Web3, and VDAs. This compilation provides significant insights into discussions surrounding India's Web3 landscape.
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Finance Minister
@nsitharaman
highlights the government's stance on
#crypto
assets, viewing them as assets rather than currency equivalents.
@BWA_Ind
applauds this approach and calls for a global regulatory framework.
Read more
0
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Our Chairperson led a panel on '
#Web3
Regulation: Past and Future' which discussed:
⏳ Significant progress wrt
#VDAs
and
#PMLA
🔧 The ongoing journey to comprehensive regulation
🪙 EODB and taxation
We are grateful to
@IBWofficial
for conducting a wonderful event!
1
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Our Chairperson, Shri
@chenoy_dilip
will be moderating a session on Web3 at the
@blrtechsummit
on 1st December! Do join us for an insightful discussion.
Web3 Meets Government: Join our session on "Harnessing the potential of Web3 to tackle governmental challenges" to explore how Web3 is transforming governance. Explore the intersection of technology and governance, and be part of the innovation journey.
#BreakingBoundaries
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Our Chairperson Shri
@chenoy_dilip
will be speaking at the IBW!
Introducing our next speaker!
Dilip Chenoy is the Chairman of
@BWA_Ind
(Bharat Web3 Association).
He has had an illustrious career serving as the Secretary-General of the Federation of Indian Chambers of Commerce & Industry (FICCI), Managing Director and Chief Executive Officer
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0
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Demystifying Web3 via our DID YOU KNOW series.
#VDA
#blockchain
#blockchaintechnology
#web3
#digitalassets
#digitalwallets
#web3community
3
0
8
Exciting innovations are on the horizon for financial markets, with blockchain leading the charge! Check out this insightful piece by
@ashish343
, Co-founder & CEO of
@coinswitch
, a founding member of BWA.
2
0
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Our Chairman
@chenoy_dilip
moderated the session on Skilling and Capacity Building in Blockchain/Web 3.0 and Blockchain-Based Solutions for Telecom Security at the Conference on Transforming Public utilities: Blockchain Use cases over Digital Infrastructure aligning G20 Agenda.
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📣
#AnnouncementAlert
🚀
We are pleased to announce the launch of our Consumer Protection Guidelines, which were officially released by
@DrFauziaKhanNCP
and presented to Hon'ble MoS Ashwini Kumar Choubey
For detailed Guidelines, please click here:
📗
5
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BWA continues to engage with
@FinMinIndia
to take the sector forward.
Our latest round of dialog covered the state of the market, consumer protection and the export potential of Web3.
We look forward to future collaborations to realise the potential of
#Web3
in the country.
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REMINDER!!🎙️
#BWAtalks
Twitter Space Today @ 6pm!
Last chance to get your queries answered from our crypto tax experts
@TheWeb3CA
,
@m_shivna
and
@CSaudamini
.
Join in at 6pm today for a surprise from
@KoinXOfficial
and
@TaxNodes_
.
Tune into
#BWATalks
our Twitter Spaces event on ‘ITR Filing with Crypto Income’. Learn from experts at
@KoinXOfficial
,
@TaxNodes_
and
@WazirXIndia
.
When? 6pm IST, 28th July Friday
Where?
@TheWeb3CA
@m_shivna
@CSaudamini
5
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Mr. Dilip Chenoy, Chairman of
@BW3Association
, chaired a session on Timely Policymaking in cementing India's leadership in Web3 innovation at
#BWWeb3Summit2023
. Discussions revolved around Web3's contours, challenges, and regulations for policymakers and start-ups
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Our Chairperson, Mr.
@DilipChenoy
, is moderating a panel discussion during
@IBWofficial
(
#IBW2023
) on "Indian Crypto Regulation: The Past & The Future".
Join us at the event and contribute to the future of
#Web3
📅: 3 PM IST, 7th December 2023
📍: Sheraton Grand Whitefield
1
1
8
#BWA
is celebrating its one year anniversary🌠
Over the past one year, the Association has come a long way and the enthusiasm of the entire sector has been great to see.
On our anniversary, hear from Mr.
@ashish343
, Founder of
@CoinSwitch
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0
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6/ Problem Solving from the Industry 💡
Security is a priority. Innovations like
#SmartContract
audits can mitigate risks. Regulators & auditing firms need to work together for rigorous response mechanisms, safeguarding investors, end-users, and market integrity
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Wishing everyone a very Happy New Year! 🎊
We warmly invite you to contribute to our compendium of the Web3 ecosystem. Your contribution will guarantee a holistic and diverse representation of the sector in India.
Please share your response here: ⤵
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Demystifying Web3 via our DID YOU KNOW series.
#VDA
#blockchain
#blockchaintechnology
#web3
#digitalassets
#digitalwallets
#web3community
2
0
6
Demystifying Web3 via our DID YOU KNOW series.
#VDA
#blockchain
#blockchaintechnology
#web3
#digitalassets
#digitalwallets
#web3community
2
1
6
📢 BWA is partnering with
@HashedHODL
to host the Global Cryptolaw Symposium: Bridging the
#Web3
Gap on 8 December 2023 at Bengaluru, during
@IBWofficial
2023🌐
If interested, please use the following link to register:
#crypto
#india
#law
@HashedHODL
x
@BWA_Ind
present - Global Cryptolaw Symposium: Bridging the Web3 Gap
📅When: 8 December 2023
📍Where: Hashed Haus, Blore
Expect a “Code x Law” evening:
1️⃣Founders unpack their projects📦
2️⃣Web3 wizards on India’s cryptolaws🪄
3️⃣Ideas flow, glasses clink💡🥂
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Japan sets an impressive precedent in the Web3 ecosystem by focusing on regulation, innovation and stakeholder interests. Rajagopal Menon, Vice President
@WazirXIndia
shares his insights on how Japan is leading global Web3 regulatory reforms
Read more:
0
1
5
Continuing with our awareness initiative ahead of the
#taxfiling
deadline!
📌Learn how are different VDA transactions are taxed in India.
We would like to thank our collaborators
@TaxNodes_
and
@KoinXOfficial
.
Share to spread the word! 🚀
#CryptoCommunity
#TaxAwareness
2
1
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Avinash Shekhar, CEO and Founder, Taxnodes and Member, Bharat Web3 Association speaks about the 'Intrinsic Value of Crypto'.
@TaxNodes_
@BW3Association
Link to the article:
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0
6
Demystifying Web3 via our DID YOU KNOW series.
#VDA
#blockchain
#blockchaintechnology
#web3
#digitalassets
#digitalwallets
#web3community
3
0
6
Our Chairman, Mr. Dilip Chenoy spoke at
@moneycontrolcom
"Policy Next" event conducted today on the inseparability of VDAs and blockchain and how VDAs derive value from its underlying blockchain technology.
0
0
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Moneycontrol's Policy Next underscored the impact of taxation discussions on legitimizing digital assets. Our Chairman also pointed out the Web3 ecosystem's remarkable ability to attract funding surpassing other sectors.
@chenoy_dilip
@moneycontrolcom
0
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Our monthly newsletter--
#Web3Unpacked
--is here. In this edition, we deep dive into Non-Fungible Tokens (NFTs) and their various use cases. Read it now on
@LinkedIn
!
…
#G20
#India
#GlobalNarrative
#DigitalEconomy
#Web3
#blockchain
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Our sincere gratitude to the Advertising standards council of India for revising the guidelines for advertising virtual digital assets in India.
We had made detailed representation on the need to revise the the guidelines to reflect the evolving nature of web3.
@ascionline
0
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We would like to extend our gratitude to
@jagograhakjago
for conducting a workshop on 'Virtual Digital Assets, Web3, and Consumer’ on the 25th of July, we are honored to have participated in the discussion on how to regulate the
#VDA
and
#Web3
space from a
#consumerperspective
.
0
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Prime Minister Fumio Kishida is actively promoting
#Web3
to drive transformation and inspire innovation. This vision aligns with Japan's commitment to a "new capitalism" and staying ahead in global tech innovation.
Read More at:
#DigitalEconomy
#Japan
0
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Our Chairman spoke at the
@BWBusinessworld
Summit about the evolution of digital transformation and the rise of novel business models. He highlighted the impact of decentralized systems on reimagining industries, especially in India’s startup segment.
0
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Our monthly newsletter--
#Web3Unpacked
--is here. In this edition, we deep dive into the role of International Standard-Setting Bodies (SSBs) in shaping a global regulatory framework. Read it now on
@LinkedIn
!
#G20
#India
#GlobalNarrative
#DigitalEconomy
1
0
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The
@EuropeanSandbox
has announced its first cohort of 20 use cases. This initiative aims to establish a pan-European framework for regulatory dialogues, legal certainty and innovation for blockchain solutions.
Read more at:
#EUBlockchainSandbox
1
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Our Chairman Mr. Dilip Chenoy, is speaking on Paving the way for Emerging Businesses through Digital Transformation today at the 5th edition of the
@BWBusinessworld
Emerging Businesses Summit and Awards.
Join in at:
0
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Demystifying Web3 via our DID YOU KNOW series.
#VDA
#blockchain
#blockchaintechnology
#web3
#digitalassets
#digitalwallets
#web3community
2
0
5
On behalf of The Bharat Web3 Association, we would like to thank
@jagograhakjago
for allowing BWA to participate and contribute to the discussion at this insightful workshop.
The Department of Consumer Affairs organized a groundbreaking brainstorming session on
#VirtualDigitalAssets
and
#Web3
today, fostering constructive dialogue with stakeholders to ensure end-to-end protection for users. Let's dive deep into the Web3 ecosystem!
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Join
#NamasteWeb3
the Jaipur Edition presented by
@ForbesIndia
,
@CoinDCX
and supported by
@BW3Association
on the 26th of August and gain insight into skill development in India for Emerging Technology with a focus on Web3.
Register Now at:
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With today being the last day to file your ITR, we bring to you our final post as part of our
#awarenessinitiative
📌 What are the consequences of late ITR Filing?
We would like to thank our collaborators
@TaxNodes_
and
@KoinXOfficial
.
#CryptoCommunity
#Blockchain
#TaxAwareness
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Hashed Emergent presents India's Blockchain Week, a multi-chain
#Web3
conference from 4th to 10th of December 2023! Learn from global leaders in the industry about India’s role in Web3, Policy and Growth and participate in the ETHIndia Hackathon.
#IBW2023
#Web3
#HashedEmergent
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Our chairman Shri
@chenoy_dilip
on the role of DAOs in the DeFi landscape. Click to read more:
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Learn how India plans to fuel its Digital Economy through Web3 integration, government strategies, and regulatory frameworks.
Let us seize the boundless potential of Web3 to transform India's systems into pillars of transparency, security and efficiency.
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🗞
@Broadridge
India recently signed an agreement with
@ISB_DLabs
at the Indian School of Business to launch a game-changing accelerator program for
#startups
in the dynamic realms of
#AI
,
#blockchain
, and
#DeFi
.
Read more here:
0
1
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The August edition of our monthly newsletter--
#Web3Unpacked
--is here!
In this iteration, we deep dive into the role of self-regulatory organizations in sectors that are continuously evolving with a focus on the Web3 Ecosystem.
Read More:
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The bill passed by the Congressional Committee of the US aims to develop a regulatory framework for crypto assets and codify federal oversight for the digital asset industry.
Read More at:
#CryptoRegulation
#CongressionalCommittee
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7 / Read our full response:
For more discussion, join us in a LinkedIn Live event Today, i.e., Monday, 23rd October at 7:30PM IST.
#CryptoRegulation
#DeFi
0
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Our Chairman, Mr. Dilip Chenoy, will be hosting a fireside chat along with Mr. Pranav Kaushik Partner at
@GrantThornton
. Join in at Jaipur on the 26th of August to learn about Web3 and its future.
@ForbesIndia
@CoinDCX
Register Now at:
0
1
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Dilip Chenoy, speaking at the RIS BWA roundtable speaks on India's opportunity to lead the web3 revolution and the importance of having a collaborative approach to create a policy and regulatory environment to support the sector.
#Web3
#policy
#regulation
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1
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BWA is honored to be a part of the workshop organized by
@jagograhakjago
on 'Virtual Digital Assets, Web3 and Consumer'. BWA aims to partner with govt bodies to position India at the forefront of
#VDA
regulation, building trust and confidence in the ecosystem
#Web3
#DigitalAssets
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Hon'ble MoS
@Rajeev_GoI
recently reaffirmed
@GoI_MeitY
's commitment to support Web3
#startups
🛠️ innovating in the sector in response to a question posed at Lok Sabha.🌐💫
We strongly believe that such developments will pave the way for a vibrant
#Web3
ecosystem in India.🔜🔗
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Our chairman shares his thoughts on India’s increasing interest in and adoption of DeFi while awaiting rules on regulating crypto. He says that India is among the fastest global adopters of DeFi, which can boost financial inclusion.
Read the article at:
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#EventAlert
(Happening Today)
@BWBusinessworld
hosts "BW Web3 Summit and Awards" on July 19th-20th at Aloft, New Delhi. Attend sessions with 100+ industry leaders on technology, financial inclusivity, policymaking, and more
Register to attend:
#BWWeb3Summit
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The
@DelhiPolice
has embraced blockchain technology to document the sequence of evidence custody, establishing an immutable and open record of evidence custody. Making DFSL a pioneering institution to implement this technology.
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The Bharat Web3 Association is pleased to announce the signing of a Memorandum of Understanding with Maharashtra State Skill University, aiming to boost skill development in Web3 technologies.
Click here to know more ⬇
1
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#BWATalks
will start in 10 minutes!
Tune into
#BWATalks
our Twitter Spaces event on ‘ITR Filing with Crypto Income’. Learn from experts at
@KoinXOfficial
,
@TaxNodes_
and
@WazirXIndia
.
When? 6pm IST, 28th July Friday
Where?
@TheWeb3CA
@m_shivna
@CSaudamini
5
13
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BWA Chairperson Shri Dilip Chenoy attended a roundtable on “Will India’s G20 Presidency be the Turning Point for Crypto Regulation?” and spearheaded a thought-provoking discussion on the immense potential that India holds in the Web3 space.
In partnership with
@IndusLaw
organized a roundtable on “Will India’s G20 Presidency be the Turning Point for Crypto Regulation?” today. It was attended by senior dignitaries & experts from the sector
@Amar4Odisha
@mpriteshp
@jaijit
@rameeshkailasam
@kazimriz
@TandonSuranjali
3
11
23
2
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The Global Blockchain
#AI
Research Report 2023: Enhancing Data Security and Insights -The Key Role of Blockchain AI in Modern Businesses offers an in-depth analysis of the current and future scenarios of the industry.
Read More:
1
0
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The 2023 Global Crypto Hedge Fund Report by
@PwC
in collaboration with AIMA and
@CoinSharesCo
has been published. Offering valuable insights into the crypto hedge fund market's current state and evolution.
Read more at:
#PWC
#AIMA
#CoinShare
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The Monetary Authority of Singapore has granted a payment institution license to
@blockchain
and
@cryptocom
and is committed to allocating $112 million to aid the fintech sector, inclusive of those operating in the Web3 space.
Read More at:
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It was our privilege to collaborate with
@RIS_NewDelhi
on the roundtable for the VDA Ecosystem. Discussions were around the evolving policy and regulatory landscape of the VDA ecosystem. A huge thank you to RIS, speakers and attendees for the making this roundtable a success.
0
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Taiwan is proposing a new business category for crypto-related companies, introducing "digital asset services" as a distinct classification. This initiative by the MEA aims to encourage organized self-governance rather than impose top-down regulation
0
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The Maharashtra Government has designated a private firm to oversee the creation of blockchain technology for facilitating online transfers. The incorporation of blockchain ensures safeguards against any potential manipulation or unauthorized alterations.
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@BW3Association
and
@sg_blockchain
have signed an MOU to advance blockchain adoption in India and Singapore. Together we will promote awareness, engage stakeholders, and standardize business ethics in the Web3 industry.
Read more at:
#Blockchain
#BWA
#BAS
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#BWA
is celebrating its one-year anniversary
In our Special Edition Newsletter, we reflect on a year of activities and achievements for the association, and look forward to another year filled with growth, collaboration, and innovation.🎊
Read more here:
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Singapore's Web3 virtual world and creator platform
@ZTXofficial
has concluded a successful $13 million seed funding round led by Jump Crypto. The company boasts a team of experienced professionals from Apple, Roblox, EA, Cosmos and Solana.
0
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Metaverse users will surpass 600 million by 2026 due to
#generativeAI
allowing the
#Web3
Market in India to grow at an annual growth rate of nearly 40 percent, with the potential to become a $200 Billion industry by 2035.
Read More:
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Digital credentialing is becoming an increasingly important tool, especially for the education sector, offering a more effective, reliable, and environmentally friendly certification model than traditional certification processes.
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Singapore’s central bank's decision to introduce regulatory guidelines for stablecoins could prove to be a milestone for its rapid adoption in traditional channels like banks, analysts say
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