The Securities and Exchange Board of India (SEBI) has warned investment advisors not to deal with unregulated assets, including digital gold.
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The Securities and Exchange Board of India (SEBI), the country’s top securities regulator, warned advisors on Thursday not to trade in unregulated assets in the country.
SEBI said it will take action against investment advisors dealing with unregulated assets, including digital gold. Cryptocurrencies, which are considered unregulated assets, also fall within the scope of this definition.
The Indian government is trying to regulate its use in transactions by relaxing plans to ban cryptocurrencies.