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Treat crypto or digital tokens as securities of special class: CII
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moneycontrol.comCrypto or digital tokens should be treated as securities of a special class to which the provisions of existing securities regulations will not apply, and a new set of regulations appropriate to the context should be evolved and applied, CII said in a statement.
This would mean regulatory focus principally on dealings and custody, rather than on issuance (except where issuance entails an Initial Coin Offering (ICO) to the public by an issuer established in India), it said.
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Read more on moneycontrol.comAbout this in other media
Crypto token should be treated as special class of securities: CII economictimes.indiatimes.com /3 years ago
India trade association, CII wants crypto to be considered ‘securities of a special class’ ambcrypto.com /3 years ago
Indian trade group recommends ‘special class security’ status for crypto cointelegraph.com /3 years ago
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