SunCrypto Joins Hand With Bharat Web3 Association

Bharat Web3 Association is a collaboration of major Web3 technology businesses focused on leveraging blockchain-based technologies to accelerate India's digital transformation.

In a landmark development, SunCrypto, India’s premier cryptocurrency exchange, has joined hands with the Bharat Web3 Association (BWA), marking a significant stride in India’s embrace of Web3 technologies. This collaboration signifies a concerted effort toward fostering innovation, collaboration, and regulatory compliance in the burgeoning crypto landscape.

Understanding Bharat Web3 Association

Bharat Web3 Association was founded in November 2022. The establishment of the BWA was a watershed moment in India’s drive to embrace Web3 technologies. The organization was established in response to the growing global interest in blockchain, cryptocurrencies, and decentralized technologies. 

The Bharat Web3 Association has the potential to recognize these technologies to alter numerous industries. The association’s initial members included industry titans such as Polygon, Coinbase, CoinDCX, and a number of other prominent Web3 participants.

SunCrypto Becomes a Member of Bharat Web3 Association

Their joint objective was to establish a unified platform to encourage Web3 technology adoption, development, and regulation in India. In the months leading up to its inception, the founding members held discussions, consultations, and strategic planning sessions to create the groundwork for the association. 

Talking about the roles and responsibilities, the BWA serves as a platform for dialogue between industry stakeholders and regulatory bodies, advocating for policies that support the growth and development of Web3 technologies. Through engagement with government agencies and other stakeholders, the association shapes public policy and promotes a regulatory environment conducive to innovation.

SunCrypto Now Become More Complaint

By aligning with the standards set by the BWA, SunCrypto enhances security measures, ensuring a safer environment for crypto transactions. The membership reinforces the exchange’s commitment to protecting users’ interests and upholding industry best practices.

SunCrypto’s membership in the BWA also provides users with the assurance of regulatory compliance. Through adherence to the association’s guidelines, the exchange establishes itself as a trustworthy platform for crypto enthusiasts, mitigating risks associated with illicit activities and ensuring transparency in operations.

Meanwhile, in a statement addressing the partnership, Umesh Kumar emphasized the importance of collaboration in driving responsible innovation and safeguarding users’ interests. He reiterated SunCrypto’s commitment to upholding the highest standards of security and compliance, underscoring the exchange’s dedication to providing a reliable platform for crypto transactions.

Moreover, with this development, SunCrypto users can trade with increased confidence, knowing that the exchange adheres to industry standards and regulatory guidelines. The integration with the BWA enhances trust and transparency in transactions, fostering a sense of security among users.

Conclusion

SunCrypto’s partnership with the Bharat Web3 Association represents a significant milestone in India’s crypto journey. By prioritizing security, compliance, and collaboration, the integration sets a precedent for responsible innovation and industry best practices. As India embraces Web3 technologies, collaborations like these pave the way for a more inclusive, transparent, and secure crypto landscape.

To learn more about SunCrypto and Bharat Web3 Association, click on the button.go check out SunCrypto Academy.

 

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your own research or consult an expert before making any investment decision. You may write to us at [email protected].

Leave a Comment

Related Posts

Bitcoin ETF

How Wealthy Indians Are Attracting Towards Bitcoin ETF?

India is a country known mostly for two things: its cuisine and the number of

Bitcoin Weekly Report

Bitcoin Weekly Report | 08 April 2024

The events of the previous week prompted a negative sentiment in the crypto world, and

ERC-6551 token standard

What is the ERC-6551 Token Standard?

In 2017, the ERC-721 standard transformed digital asset tokenization by specifying the fundamental principles and