sebi – DIGIT INFO

Indian Regulator Advocates Multi-Agency Approach for Crypto

DIGIT — Sat, 18 May 2024 11:20:26 +0000

The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the Reserve Bank of India (RBI), however, views crypto as a macroeconomic risk, highlighting concerns about tax evasion and fiscal stability. SEBI […]

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Indian Regulator: Crypto’s Decentralized Nature Makes Regulation Challenging

DIGIT — Wed, 08 Jun 2022 05:00:14 +0000

India’s market regulator, the Securities and Exchange Board of India (SEBI), says the decentralized nature of crypto assets makes consumer protection and regulatory enforcement challenging. SEBI on Crypto Regulation The Securities and Exchange Board of India (SEBI) reportedly told the Parliamentary Standing Committee on Finance that the decentralized nature of crypto assets makes any consumer […]

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Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products

DIGIT — Tue, 17 May 2022 04:20:04 +0000

The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator also proposed that public figures be held liable for any law violations when promoting crypto products. SEBI’s Crypto Advertising and Endorsement Proposal The Securities and Exchange Board of India […]

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Indian Regulator SEBI Wants Mutual Funds to Stay Away From Crypto Investments Until Legislation Is Finalized

DIGIT — Fri, 31 Dec 2021 04:30:28 +0000

The Securities and Exchange Board of India (SEBI) has reportedly asked mutual fund companies not to get involved or invest in any type of crypto asset-based investments until the Indian government has come up with cryptocurrency legislation. SEBI Asks Mutual Fund Companies to Wait for Crypto Legislation The chairman of the Securities and Exchange Board […]

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India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report

DIGIT — Fri, 03 Dec 2021 15:30:45 +0000

India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite reports of the Indian government planning to ban cryptocurrencies, NDTV […]

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Investment Advisers Prohibited From Crypto Activities in India, Regulator Warns

DIGIT — Sat, 23 Oct 2021 15:30:53 +0000

The Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India. SEBI Warns Registered Investment Advisers Cannot Engage in Crypto Activities Indian securities and commodity market regulator, the […]

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Indian Government May Regulate Crypto as Asset Class: Report

DIGIT — Sun, 13 Jun 2021 03:30:45 +0000

India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto as an Asset Class The Indian government has yet […]

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11 Cryptocurrency Initiatives Indian Government Has Taken

DIGIT — Wed, 01 May 2019 11:28:21 +0000

The Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Committee to Draft Crypto Law An interministerial committee under the chairmanship of Subhash […]

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5 Major Indian Laws That Apply to Cryptocurrency

DIGIT — Mon, 22 Apr 2019 13:55:12 +0000

India has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News.Bitcoin.com talked to one of the authors of the report to uncover more details. Meanwhile, the Indian government is currently finalizing regulations specific to crypto assets. Also read: Indian Supreme Court Postpones Crypto Case […]

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Report: Indian Government Updates Progress on Cryptocurrency Regulation

DIGIT — Tue, 01 Jan 2019 08:05:58 +0000

The Indian government has reportedly provided an update on its progress toward the country’s regulatory framework for cryptocurrencies. The government provided its latest stance in areas such as the national cryptocurrency and licensing of crypto businesses. It is pursuing crypto regulations “with due caution,” according to reports. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]

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