Indian authorities weighing how to regulate cryptocurrencies


  • TECH
  • Thursday, 21 Dec 2017

SEBI, plus officials from the Ministry of Finance, Ministry of Electronics and Information Technology and the Reserve Bank of India (RBI), are on a panel tasked with determining the legal oversight for cryptocurrencies.

MUMBAI: India's capital market regulator is talking with the government and central bank about how to regulate cryptocurrencies, its chairman said on Wednesday.

The Securities and Exchange Board of India (SEBI), plus officials from the Ministry of Finance, Ministry of Electronics and Information Technology and the Reserve Bank of India (RBI), are on a panel tasked with determining the legal oversight for cryptocurrencies such as bitcoin, chairman Ajay Tyagi said.

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