Indian Regulatory Authorities Open to Common-Sense Cryptocurrency Regulation

India has had a turbulent relationship with cryptocurrencies throughout 2018, but as the country’s various fiscal and regulatory authorities begin to synchronize their views on the future of cryptocurrencies, they are further researching the best forms of cryptocurrency regulation.

According to a report from Quartz India, India’s main market regulator, the Securities and Exchange Board of India (SEBI), has sent teams to various countries in order to research and better understand the regulatory measures that those countries are taking.

Countries that SEBI has sent teams to include Japan, the U.K., and Switzerland, all of which have adopted “do-no-harm” approaches to the cryptocurrency markets. While in these countries, the teams visited the various regulatory agencies to discuss how those countries are handling the regulations of cryptocurrencies, initial coin offerings (ICOs), and exchange regulations.

The report does not clarify when the visits took place, or if the visits resulted in any sort of increased positivity towards crypto regulations.

Read more here: https://www.newsbtc.com/2018/09/05/indian-regulatory-authorities-open-to-common-sense-cryptocurrency-regulation/