SEBI suggests shared crypto oversight - Ideal time to launch your venture in India? - PowerPoint PPT Presentation

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SEBI suggests shared crypto oversight - Ideal time to launch your venture in India?

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In recent news, SEBI suggests regulating crypto-like securities, inspired by the U.S. model. RBI prefers regulation of crypto-backed by real currencies, with insurance and pension-related crypto under other regulators. – PowerPoint PPT presentation

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Date added: 21 June 2024
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Title: SEBI suggests shared crypto oversight - Ideal time to launch your venture in India?


1
SEBI suggests shared Crypto Oversight - Ideal
Time to Launch your Venture in India?
  • https//rb.gy/9483sf

2
  • If you've been waiting for the perfect moment to
    launch your venture in the Indian cryptocurrency
    market, your golden opportunity might be
    knocking. The Securities and Exchange Board of
    India (SEBI) recently suggested a shared
    oversight model for cryptocurrencies, and this
    could be a game-changer for crypto entrepreneurs
    in India for Stablecoin development,
    Cryptocurrency exchange development, and Crypto
    wallet development solutions.

3
  • About SEBI's Suggestion
  • In recent news, SEBI suggests regulating
    crypto-like securities, inspired by the U.S.
    model. RBI prefers regulation of crypto-backed by
    real currencies, with insurance and
    pension-related crypto under other regulators.
    While, RBI sees digital currencies as a risk to
    the economy, advocating for a ban on stablecoins
    and expressing concerns about tax evasion and
    financial stability.

4
  • Complaints would be managed under consumer
    protection laws. Despite a court overturning
    RBI's 2018 crypto ban, RBI still enforces money
    laundering and foreign exchange rules to limit
    crypto use in India's financial system. In 2022,
    India began taxing crypto transactions and
    required exchanges to register locally.

5
  • In simpler terms, SEBI's suggestion means there
    could soon be clearer rules and guidelines about
    how cryptocurrencies can be traded, managed, and
    utilized in India. This is a massive deal
    because, until now, the crypto market has been
    operating in a bit of a gray area. Clear
    regulations mean more security for investors and
    more legitimacy for crypto businesses.

6
  • Why Is This Important?
  • Regulatory Clarity First and foremost, having
    clear rules is always better than playing in the
    dark. If you're thinking of starting a crypto
    venture, knowing the dos and don'ts upfront can
    save you a ton of headaches and legal troubles
    down the line. SEBI's move could provide that
    much-needed clarity.
  • Increased Trust With official oversight, more
    people will likely trust cryptocurrencies. This
    could mean a broader customer base for your
    venture. People who were previously hesitant
    might start seeing crypto as a viable investment
    option, leading to increased market participation.

7
  • Global Attention India has a massive market
    potential, and a regulatory framework could
    attract international investors and crypto
    companies. This could create a more lively
    ecosystem with more opportunities for
    collaboration, and growth.

8
  • Why Now Is the Perfect Time
  • Early Mover Advantage The crypto market in India
    is still relatively young. By starting now, you
    position yourself as a pioneer in businesses like
    crypto exchange development, or stablecoin
    development. This can help you build a strong
    brand presence and customer loyalty before the
    market becomes saturated.
  • Supportive Ecosystem With SEBI's shared
    oversight model, you can expect more support from
    financial institutions, tech partners, and even
    the government.

9
  • How to Get Started?
  • Research the Market Understand the current state
    of the crypto market in India. Who are the major
    players? What are the popular cryptocurrencies?
    What gaps can your venture fill?
  • Comply with Regulations Keep a close eye on
    SEBI's guidelines and any other regulatory
    announcements. Consulting with a legal expert
    specializing in crypto can be a wise move.

10
  • Contact a service provider Assemble a team of
    experts from a top-rated blockchain development
    company. This includes developers, marketers,
    financial advisors, and legal experts.
  • Develop a Better Platform If you're launching a
    crypto exchange, a blockchain-based app, or any
    other crypto service, make it user-friendly, and
    scalable.

11
  • In conclusion, the future of cryptocurrencies in
    India looks promising with SEBI's proposed shared
    oversight model. By launching your venture now,
    you can take advantage of the growing interest,
    supportive ecosystem, and the potential for
    regulatory clarity. So, what are you waiting for?
    Get out there, do your research, and start
    building the next big thing in the Indian crypto
    space.

12
  • Contact our Experts Today
  • See our Portfolio https//rb.gy/9yza83
  • Skype - live62781b9208711b89
  • Email Id - business_at_clarisco.com
  • Telegram - https//telegram.me/Clarisco
  • Book a Free Demo - https//rb.gy/ssg21b
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