Is India Ready to Legalize Crypto? Officials Visit Japan & UK to Study Policies
SEBI revealed that it has sent government officials to Japan, UK, and Switzerland to study cryptocurrency regulations in overseas markets with active digital asset exchanges and communities.
While the Supreme Court of India hears the crypto exchange industry’s case against the central bank following the latter’s banking ban, regulators are exploring regulatory policies for the nascent sector.
Businesses and associations in the cryptocurrency and blockchain sector are expected to participate in the hearing alongside the Securities and Exchange Board of India (SEBI), to discuss the future of the cryptocurrency market of India.