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Cryptocurrency exchanges bet on long-term products after trading volumes crash
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Speaking on the legality of such offerings, Vishwanath said, “Right now the industry itself is unregulated as far as SEBI or RBI equivalent governing bodies are concerned. We don’t have any such regulations, we don’t even fall under SEBI yet.
These products are offered because there are no regulations. And when there are rules in place, it will either get corrected or amended or it may be continued.
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