SEBI considers multiple regulators overseeing cryptocurrency trade, while RBI views it as a macroeconomic risk.
India's market regulator, SEBI, is open to several regulators overseeing cryptocurrency trade, according to documents seen by Reuters. This contrasts with the Reserve Bank of India's (RBI) stance, which views cryptocurrencies as a macroeconomic risk. SEBI's stance is the strongest signal to date that some Indian authorities are considering allowing the use of private virtual assets. The documents have been submitted to a government panel tasked with formulating policy for the finance ministry.
May 16, 2024
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