Today news
About the same in other media
Exclusive | Introduce licensing for exchanges, KYC and FEMA norms for customers: crypto industry tells Parliamentary panel
Reading now: 361
moneycontrol.comThe crypto industry body has suggested that the government can regulate cryptocurrencies by introducing a licensing regime for exchanges and other intermediaries and bringing in strict norms to track funds used in crypto trading, Moneycontrol has learnt from sources.
The Blockchain and Crypto Assets Council (BACC) is known to have said that the concern of investor safety can be addressed through imposing registration or licensing which will ensure proper management and disclosures by exchanges and wallet providers.
BACC comprises crypto exchanges and is part of the Internet and Mobile Association of India (IAMAI). The Council is co-chaired by Ashish Singhal, founder of CoinSwitch and Sumit Gupta, founder of CoinDCX.
The Council's suggestions
Read more on moneycontrol.comAbout this in other media
The political Santas and Grinches of the crypto industry in 2021 cointelegraph.com /2 years ago
Backdoor Roth 401(k) and IRA rules for the wealthy survive — for now cnbc.com /2 years ago
Pub landlord, caretaker and monarch sought for isolated Piel Island theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
