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The Department of Business, Energy and Industrial Strategy sponsored award is one of the most competitive categories in the Trade Association Forum’s annual awards. It recognises a successful initiative, by a trade association, to tackle an important issue that will drive the future prosperity and growth of its members. India's bitcoin exchange has set up a self-regulating organization that sets standards for KYC and AML standards, as local regulators are unclear about the industry's management and guidance. Earlier this month, India's central bank issued a warning against investments or use of cryptocurrencies such as bitcoin. In mid-november, India's Supreme Court has urged government authorities to regulate bitcoin, as it sought to clarify the legal status of bitcoin in India. Julie Palmer, a retail expert at Begbies Traynor, said retailers faced a particularly disappointing deal in the weeks following the apparent success of "black Friday" at the end of November.