Edited By WION Video Desk
Published: May 17, 2024, 05:20 IST | Updated: May 17, 2024, 05:20 IST
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World Business Watch May 17, 2024, 05:20 IST
India has taken a tough stance against crypto assets since 2018
India's market watchdog SEBI has recommended that several regulators should oversee the crypto sector. According to a Reuters report, this is the strongest signal of any watchdog being open to the concept of private virtual assets. SEBI's position, however, contrasts with that of the Reserve Bank of India, which maintains that private digital currencies are a macroeconomic risk.
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