Securities regulator SEBI to oversee India’s crypto market, report reveals
Looks like the Securities and Exchange Board of India (SEBI) will oversee the country’s crypto market, as per reports. There will be no ban on investors having exposure to private cryptos in India, a source-based report confirmed.
These reports came in soon after an ORF report stated that a ban would be “technically impractical.” It also reasoned India’s stance on disallowing a darknet crypto market, by regulating the sector.
As reported by NDTV, a cabinet note circulated by the Indian government mentions that cryptocurrency will be called crypto-assets, with investors being required to disclose their holdings. The report added,
“Cut off date will be prescribed for those with #crypto assets to declare and bring it under regulation.”
In light of
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