fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, March 23, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

Crypto’s Decentralized Nature Makes Regulation Challenging – Bitcoin News

June 8, 2022
in Regulation
Reading Time: 3 mins read
A A
Crypto’s Decentralized Nature Makes Regulation Challenging – Bitcoin News
ShareShareShareShareShare

Related articles

Congressman Emmer introduces bill providing ‘safe harbor’ to miners, developers and wallets

Congressman Emmer introduces bill providing ‘safe harbor’ to miners, developers and wallets

March 23, 2023
Exercise Caution with Crypto Asset Securities: Investor Alert – SEC.gov

Exercise Caution with Crypto Asset Securities: Investor Alert – SEC.gov

March 23, 2023

India’s market regulator, the Securities and Exchange Board of India (SEBI), says the decentralized nature of crypto assets makes consumer protection and regulatory enforcement challenging.

SEBI on Crypto Regulation

The Securities and Exchange Board of India (SEBI) 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.

Noting that “crypto assets are maintained in decentralized distributed ledgers,” SEBI was quoted by local media as saying:

There is a great likelihood of execution of unauthorized trades not in consonance with any regulatory framework.

The market regulator emphasized the need for clarity about whether crypto assets are securities. “If crypto assets are not banned, then there is a need for feature-based characterization of the tokenized version of the assets, which may attract supervision of different sectoral regulators,” SEBI noted.

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.

SEBI detailed that consumer products should be protected through the Consumer Protection Act. The Reserve Bank of India (RBI) could also regulate crypto trading platforms under the Foreign Exchange Management Act (FEMA). SEBI further said:

A digital currency acts as a bridge between the fiat currency of the foreign jurisdiction and the Indian rupee.

The market regulator explained that stock exchanges regulated by SEBI cannot trade crypto assets without them being declared securities. The regulator noted that under Section 2(j) of the SCRA, 1956, “a stock exchange can only provide for ‘assisting, regulating or controlling the business of buying, selling or dealing in securities.”

SEBI had also proposed several measures to the Advertising Standards Council of India. Last month, SEBI proposed banning celebrities and public figures from endorsing crypto products.

While crypto income and transactions are taxed in India, the government has yet to introduce a regulatory framework for crypto assets.

Finance ministry officials have been consulting with the World Bank and International Monetary Fund (IMF) on crypto regulations. The country’s finance minister said that the government will not rush to come out with a crypto policy. The government is currently finalizing a crypto consultation paper.

What do you think about SEBI’s comments? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

ShareTweetSendPinShare
Previous Post

PayPal Allows Crypto Withdrawal Features To Third-party Platforms

Next Post

Ethereum Holds Crucial Support, Why Hopes of Fresh Rally Is Intact

Related Posts

Congressman Emmer introduces bill providing ‘safe harbor’ to miners, developers and wallets

Congressman Emmer introduces bill providing ‘safe harbor’ to miners, developers and wallets

March 23, 2023

Ad Congressman Tom Emmer and Darren Soto introduced a bipartisan bill on March 23 called the Blockchain Regulatory Certainty Act...

Exercise Caution with Crypto Asset Securities: Investor Alert – SEC.gov

Exercise Caution with Crypto Asset Securities: Investor Alert – SEC.gov

March 23, 2023

Exercise Caution with Crypto Asset Securities: Investor Alert  SEC.gov Credit: Source link

Circle CEO says ‘aggressive regulatory actions’ on crypto caused ‘deep market anxiety’

Circle CEO says ‘aggressive regulatory actions’ on crypto caused ‘deep market anxiety’

March 23, 2023

Ad Circle CEO Jeremy Allaire has warned about the risks facing the crypto market due to exposure to the U.S....

Investors Try to Parse Powell and Yellen’s Next Moves on Banks – The New York Times

Investors Try to Parse Powell and Yellen’s Next Moves on Banks – The New York Times

March 23, 2023

Investors Try to Parse Powell and Yellen’s Next Moves on Banks  The New York Times Credit: Source link

SEC’s Coinbase enforcement action deemed a power play by crypto community

SEC’s Coinbase enforcement action deemed a power play by crypto community

March 23, 2023

Ad The crypto community rallied to support Coinbase after the exchange disclosed receiving a Wells Notice.A Wells Notice refers to...

Load More
Next Post
Ethereum Holds Crucial Support, Why Hopes of Fresh Rally Is Intact

Ethereum Holds Crucial Support, Why Hopes of Fresh Rally Is Intact

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Fidelity Expands its BTC, ETH Trading to Most Retail Accounts

Fidelity Expands its BTC, ETH Trading to Most Retail Accounts

March 19, 2023
Ukraine Launches Crypto Crime Report Platform

Ukraine Launches Crypto Crime Report Platform

March 22, 2023
Crypto scammers stole over $10b from Americans in 2022

Crypto scammers stole over $10b from Americans in 2022

March 19, 2023
Snoop Dogg’s Shiller looks to transform the creator economy with web3 – SlateCast #55

Snoop Dogg’s Shiller looks to transform the creator economy with web3 – SlateCast #55

March 19, 2023
Federal Regulators Testify on Bank Failures

Federal Regulators Testify on Bank Failures

March 19, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Ripple’s Chief Legal Officer Reacts To SEC’s Wells Notice to Coinbase
  • Federal Reserve Admits Blindsided Oversight of SVB Collapse
  • Congressman Emmer introduces bill providing ‘safe harbor’ to miners, developers and wallets
  • Uphold ends staking for US customers following SEC guidance
  • DOGE Rebounds, LTC Climbs 13% Higher – Market Updates Bitcoin News
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,291.003.60%
  • ethereumEthereum(ETH)$1,818.474.72%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.01-0.32%
  • binancecoinBNB(BNB)$330.172.40%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • rippleXRP(XRP)$0.4469415.48%
  • cardanoCardano(ADA)$0.3744734.53%
  • dogecoinDogecoin(DOGE)$0.0773395.33%
  • staked-etherLido Staked Ether(STETH)$1,816.485.02%
  • matic-networkPolygon(MATIC)$1.131.25%
  • solanaSolana(SOL)$22.062.90%
  • binance-usdBinance USD(BUSD)$1.00-0.66%
  • polkadotPolkadot(DOT)$6.294.01%
  • litecoinLitecoin(LTC)$93.6311.47%
  • shiba-inuShiba Inu(SHIB)$0.0000112.94%
  • tronTRON(TRX)$0.0654299.81%
  • avalanche-2Avalanche(AVAX)$17.545.16%
  • daiDai(DAI)$1.00-0.20%
  • uniswapUniswap(UNI)$6.264.63%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,388.004.04%
  • chainlinkChainlink(LINK)$7.575.83%
  • cosmosCosmos Hub(ATOM)$11.734.64%
  • leo-tokenLEO Token(LEO)$3.37-0.34%
  • ToncoinToncoin(TON)$2.08-13.75%
  • ethereum-classicEthereum Classic(ETC)$20.654.64%
  • moneroMonero(XMR)$155.384.23%
  • okbOKB(OKB)$44.940.36%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$127.741.52%
  • stellarStellar(XLM)$0.0923452.28%
  • filecoinFilecoin(FIL)$5.876.56%
  • AptosAptos(APT)$13.096.66%
  • true-usdTrueUSD(TUSD)$1.00-0.79%
  • lido-daoLido DAO(LDO)$2.330.66%
  • hedera-hashgraphHedera(HBAR)$0.0623212.69%
  • ArbitrumArbitrum(ARB)$1.45-71.25%
  • quant-networkQuant(QNT)$126.852.57%
  • crypto-com-chainCronos(CRO)$0.0701582.76%
  • nearNEAR Protocol(NEAR)$2.046.16%
  • vechainVeChain(VET)$0.0235744.85%
  • blockstackStacks(STX)$1.17-0.04%
  • algorandAlgorand(ALGO)$0.2180351.83%
  • internet-computerInternet Computer(ICP)$5.194.67%
  • apecoinApeCoin(APE)$4.136.15%
  • fantomFantom(FTM)$0.4938786.06%
  • the-graphThe Graph(GRT)$0.1530238.28%
  • eosEOS(EOS)$1.155.71%
  • the-sandboxThe Sandbox(SAND)$0.663.60%
  • decentralandDecentraland(MANA)$0.614.35%