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Centre may bring cryptocurrency exchanges under ambit of Sebi: Report
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The Union government is reportedly planning to bring rename cryptocurrency and place it under the regulatory ambit of Sebi instead of imposing a ban, according to a Mint report.
"Under the proposed law, cryptocurrency will be renamed crypto-asset and brought under the ambit of the Securities and Exchange Board of India (Sebi)," the publication reported on 3 December quoting sources.
Read | What happens when RBI issues a digital currency?
According to the report, by renaming cryptocurrency, the
Read more on moneycontrol.comAbout this in other media
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Report reveals India may restrict exchange-to-exchange transfers, introduce crypto wallet ambcrypto.com /2 years ago
Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv Duvvuri Subbarao moneycontrol.com /2 years ago
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