India's Market Regulator Proposes Shared Crypto Oversight Amidst Regulatory Debates

Thursday, 16 May 2024, 11:17

The Securities and Exchange Board of India suggests a collaborative approach involving multiple regulators for supervising cryptocurrency trading activities in the country. This recommendation comes at a time when the Reserve Bank of India is seeking a ban on stablecoins, reflecting the ongoing regulatory debates surrounding digital assets in India.

https://store.livarava.com/5e45cd4b-1377-11ef-a6c2-63e1980711b2.jpg — India's Market Regulator Proposes Shared Crypto Oversight Amidst Regulatory Debates

India's Market Regulator Advocates Joint Oversight

The Securities and Exchange Board of India has proposed a collaborative approach involving multiple regulators to oversee trade in cryptocurrencies. The recommendation comes amidst regulatory discussions in response to the Reserve Bank of India seeking a stablecoin ban.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.