Today news
About the same in other media
India: Govt. to target chit funds, MLM-like crypto-investment schemes
Reading now: 803
ambcrypto.comIndia‘s crypto-sector has come under a lot of regulatory scrutiny recently. In a much-needed move, the watchdogs are now targetting indirect crypto-schemes. According to local reports, India is set to flag several crypto-investment funds launched by individuals and cryptocurrency exchanges.
This will include chit funds, multi-level marketing (MLM) schemes, and systematic investment plans (SIP) in the digital asset sector.
Well, to look for an example, it shouldn’t be forgotten that the high-profile OneCoin scam was an MLM scheme. Likewise, in India, several scams have emerged on the back of skyrocketing interest in the crypto-sector.
Take, for instance, the Morris Coin scam which was marketed as an investment opportunity. Notably, a pyramid
Read more on ambcrypto.comAbout this in other media
Crypto token should be treated as special class of securities: CII economictimes.indiatimes.com /2 years ago
Proposed bill banning crypto payments could mean jail for violations economictimes.indiatimes.com /2 years ago
India is said to consider capital markets regulator for crypto economictimes.indiatimes.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
