tldr; The Securities and Trade Board of India (Sebi) has red-flagged distinguished public figures, together with celebrities, sportsmen, and so forth. endorsing crypto merchandise in any type of commercial. SEBI mentioned that crypto property 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 isn’t regulated and has been named as digital digital property for taxation objective solely.
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