tldr; The Securities and Change Board of India (Sebi) has red-flagged distinguished public figures, together with celebrities, sportsmen, and so forth. endorsing crypto merchandise in any form of commercial. SEBI stated that crypto belongings are neither outlined as securities beneath Securities Contracts (Regulation) Act, 1956 or SCRA, nor are they notified as securities by the Central Authorities. As on date, crypto will not be regulated and has been named as digital digital belongings for taxation function solely.
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