India's market regulator says the decentralized nature of crypto assets makes consumer protection and regulatory enforcement challenging. cryptocurrency bitcoin
India’s market regulator, the Securities and Exchange Board of India , says the decentralized nature of crypto assets makes consumer protection and regulatory enforcement challenging.The Securities and Exchange Board of India reportedly told the Parliamentary Standing Committee on Finance that the decentralized nature of crypto assets makes any consumer protection or regulatory enforcement of this asset class challenging.
There is a great likelihood of execution of unauthorized trades not in consonance with any regulatory framework. The regulator explained that there could be more than one regulator for crypto, noting that different aspects of the crypto industry could be overseen by different regulators. A digital currency acts as a bridge between the fiat currency of the foreign jurisdiction and the Indian rupee.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Luna 2.0 Airdrop Exposes Investors in India to Tax Burdens (Report) Luna 2.0 Airdrop Exposes Indian Investors to Tax BurdensIndian tax authorities will treat the airdrop of Luna 2.0 as a gift and tax accordingly. Indian tax authorities will treat the airdrop of Luna 2.0 as a gift and tax accordingly while a 30% tax awaits down the line when the coins are sold
Consulte Mais informação »
Muslim nations slam India over insulting remarks about IslamNEW DELHI (AP) — India is facing major diplomatic outrage from Muslim countries after top officials in the governing Hindu nationalist party made derogatory references to Islam and the Prophet Muhammad, drawing accusations of blasphemy across some Arab nations that have left New Delhi struggling to contain the damaging fallout.
Consulte Mais informação »
India: RBI seen on hold this week – UOBLee Sue Ann, Economist at UOB Group, suggests the Reserve Bank of India would keep the policy rate unchanged at its Wednesday’s event. Key Quotes “The
Consulte Mais informação »
Nigerian Blockchain and Crypto Association Introduces a Code of Conduct for VASPs – Regulation Bitcoin NewsThe objective of the code is to help 'transform Nigeria into the world’s safest and biggest blockchain space with the largest blockchain solutions, investments, and adoption.' regulation innovation
Consulte Mais informação »