SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings
While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity. The Chairman of the Securities and Exchange Board of India (SEBI) Ajay Tyagi urged mutual funds to avoid investing in crypto-related assets as the government considers new cryptocurrency rules. Speaking at a press conference on Tuesday, Tyagi advised firms to refrain from investing in funds linked to crypto assets until there is clarity on the policy and regulatory framework.“Those who have invested in mutual funds, - in companies....
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Are you investing in India or are you an Indian investor? The Indian stock markets are the jewel in the crown of emerging market nations known as BRICS. Mainstream investors often harp on about what great potential resides in India’s burgeoning young population who want more of everything and will consume anything. We are also often told by market gurus that the Indian growth story is still intact. Another term that is furiously thrown about is that the turnaround is just around the corner. So what about the Indian markets? Is investing in Indian stocks, mutual funds etc. worth your while?....
The Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind of forces we are unleashing ourselves,” he opined.
Indian Government’s Chief Economic Adviser Skeptical of Crypto, Defi, Decentralization
The Indian government’s chief economic adviser (CEA), V. Anantha Nageswaran, reportedly warned about the danger of crypto and the risks posed by its lack of regulation Thursday at an Assocham event. Referring to....
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