tldr; The Securities and Change Board of India (Sebi) has red-flagged distinguished public figures, together with celebrities, sportsmen, and so on. endorsing crypto merchandise in any sort of commercial. SEBI mentioned that crypto belongings are neither outlined as securities below Securities Contracts (Regulation) Act, 1956 or SCRA, nor are they notified as securities by the Central Authorities. As on date, crypto just isn’t regulated and has been named as digital digital belongings for taxation goal solely.
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