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India: Govt. to target chit funds, MLM-like crypto-investment schemes
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ambcrypto.comIndia‘s crypto-sector has come under a lot of regulatory scrutiny recently. In a much-needed move, the watchdogs are now targetting indirect crypto-schemes. According to local reports, India is set to flag several crypto-investment funds launched by individuals and cryptocurrency exchanges.
This will include chit funds, multi-level marketing (MLM) schemes, and systematic investment plans (SIP) in the digital asset sector.
Well, to look for an example, it shouldn’t be forgotten that the
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