Indian Securities Regulator Dodging Public Questions On Crypto Regulation

A legal firm from Delhi has recently filed a list of almost 70 questions to the Indian analog of the American SEC, the Securities and Exchange Board (SEBI)

Wed, 10/10/2018 - 13:15

Indian Securities Regulator Dodging Public Questions On Crypto Regulation

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A legal firm from Delhi has recently filed a list of almost 70 questions to the Indian analog of the American SEC, the Securities and Exchange Board (SEBI). It was done as a part of the Right-to-Information initiative when members of the public are allowed to require answers from governmental organizations.

The law firm asked the regulator about details of the crypto regulation in the country and also about their own official position on that. The regulator avoided replying the majority of those inquiries and gave unclear answers to just some referring to the confidentiality issue.

The copy of the ‘dialogue’ has been published and clearly shows which questions the regulator choses not to answer directly.

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.