The Bharat Web3 Association (BWA) has issued guidelines to safeguard consumers in India’s burgeoning Web3 sector, which currently operates without formal government regulation. Recognizing the need for responsible practices, the independent crypto advisory body urges affiliated firms to adopt sound business and operational protocols. A key component of these guidelines mandates the establishment of a comprehensive complaint management system. This system aims to efficiently address and resolve consumer grievances, fostering trust and accountability within the Web3 ecosystem. The BWA’s initiative seeks to promote responsible growth and protect consumers in the absence of official regulatory frameworks.
Bharat Web3 Association Asks Firms to Set Up Complaint Management Systems to Protect Consumers
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Bharat Web3 Association Asks Firms to Set Up Complaint Management Systems to Protect Consumers
The Bharat Web3 Association (BWA) has issued guidelines to safeguard consumers in India’s burgeoning Web3 sector, which currently operates without formal government regulation. Recognizing the need for responsible practices, the independent crypto advisory body urges affiliated firms to adopt sound business and operational protocols. A key component of these guidelines mandates the establishment of a comprehensive complaint management system. This system aims to efficiently address and resolve consumer grievances, fostering trust and accountability within the Web3 ecosystem. The BWA’s initiative seeks to promote responsible growth and protect consumers in the absence of official regulatory frameworks.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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