Bharat Web3 Association MoUs with Australia and Indonesia Enhance Cryptocurrency Ecosystem
Bharat Web3 Association Strengthens International Collaboration
The Bharat Web3 Association (BWA), India's prominent non-governmental advisory group for Web3, is making strides in international collaboration by signing Memoranda of Understanding (MoUs) with Australia and Indonesia. These agreements, finalized on September 25, signal a significant step forward in the collective growth of the Web3 ecosystem.
Key Aspects of the MoUs
- BWA aims to enhance cross-border blockchain development.
- Focus on research, education, and advocacy in the Web3 sector.
- Emphasis on establishing regulatory frameworks conducive to growth.
In a statement, BWA Chairperson Dilip Chenoy mentioned that these partnerships could significantly benefit India's blockchain landscape while promoting a cohesive global approach to Web3 advancements.
Australia and Indonesia Collaborations
In Australia, the BWA partnered with the Digital Economy Council of Australia (DECA), an organization representing blockchain innovators. The DECA spokesperson remarked on recognizing the potential of this collaboration.
In Indonesia, the partnership is with Asosiasi Blockchain Indonesia, which is dedicated to promoting blockchain development in the region. Executive Director Asih Karnengsih stated the importance of leveraging this partnership for enhanced blockchain adoption.
This move follows previous collaborations, including with Japan's ANICANA Dealers Association (JADA). In India, BWA continues to advocate for a level playing field for Web3 businesses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.