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India’s Securities Regulator Warns Advisers Against Dealing in Unregulated Assets
SEBI cautioned investment advisers to not deal in unregulated assets, including digital gold.
Автор Parikshit Mishra
The Securities and Exchange Board of India (SEBI), the country’s top securities regulator, issued a notice to advisers on Thursday warning them not to deal in assets that are not regulated in the country.
- SEBI said it would take action against any investment adviser dealing in unregulated assets, including digital gold. Cryptocurrencies are also considered unregulated assets.
- The notice comes on the back of recent comments from the CEO of India’s newest crypto “unicorn,” CoinSwitch Kuber, that the government and regulators are in talks with crypto companies for a plan to regulate the industry.
- The Indian government has seemingly relaxed its plans to ban crypto outright, and is now looking to regulate its use in illegal transactions.
Read more: India’s Securities Regulator Wants IPO Promoters to Sell Crypto Holdings: Report
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- JPMorgan Chase CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned that the latest CLARITY Act draft could fail if lawmakers do not address banks’ concerns over stablecoin regulation on Friday.
- Dimon argued that the bill would let stablecoin issuers effectively pay interest on deposits without bank-style protections, predicting...
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