The Internet and Mobile Association of India (IAMAI) has joined with India's biggest cryptocurrency exchanges, including WazirX, CoinDCX, and CoinSwitch Kuber, to form an advisory board to create a code of conduct. Standardised annual audits, routine disclosures of firm information, and funding will all be part of the code. To flag problematic transactions, the board would work with regulatory and supervisory institutions such as the Financial Intelligence Unit and the Reserve Bank of India.