te Soon, Government likely to take final call on cryptocurrency; SEBI, RBI likely to regulate it: Sources | Zee Business

Soon, Government likely to take final call on cryptocurrency; SEBI, RBI likely to regulate it: Sources

The legality issue for cryptocurrency in India could be a thing of the past as Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) may soon regulate it, a Government source told Cogencis

Soon, Government likely to take final call on cryptocurrency; SEBI, RBI likely to regulate it: Sources
The source said that SEBI was against treating cryptocurrency as a commodity while the banking regulator was not in favour of treating it as an asset

The legality issue for cryptocurrency in India could be a thing of the past as Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) may soon regulate it, Zee Business reported citing an agency. The government is expected to take a final call on cryptocurrency, a government source told Cogencis adding that a complete ban on cryptocurrency in India would be detrimental.  

The source further said that SEBI was against treating cryptocurrency as a commodity while the banking regulator was not in favour of treating it as an asset.   

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The two regulators have different views on the definition of cryptocurrency, the source further said. 

Written By: ZeeBiz WebTeam
Edited By: ZeeBiz WebTeam
Updated: Wed, Oct 27, 2021
04:31 pm
New Delhi, ZeeBiz WebDesk
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