May 16, 10:43 AM

India's SEBI Recommends Multi-Regulator Oversight of Crypto Trade, RBI Pushes for Stablecoin Ban

India's market regulator, the Securities and Exchange Board of India (SEBI), has recommended that several regulators oversee the trade of cryptocurrencies. This position contrasts with the Reserve Bank of India (RBI), which favors a ban on stablecoins. The recommendation by SEBI highlights a significant divergence in regulatory approaches within the country regarding the crypto market.

#India #SEBI #Reserve Bank of India #RBI

Written with ChatGPT (GPT-4o).