ICOs & cryptos under India's SEBI lens

[CryptoGirl]

The Securities and Exchange Board of India (SEBI) is mulling whether an ICO can be regulated under the existing legal framework or certain amendments would be required in case the government wants the capital market watchdog to be the regulatory authority for such issuances. Incidentally, crypto currencies like bitcoin, ethereum and such offerings have been under government radar for long and discussions have been held between various bodies, including SEBI and the Reserve Bank of India (RBI), on the possible ways in which this segment can be regulated. The central bank is of the view that these instruments are securities and so SEBI should be the regulating body.



http://www.thehindu.com/business/crypto-currencies-icos-under-sebi-lens/article19956679.ece

[rahul10948]

i am from india and i think government will legalize it but some set of rules and regulation