A policy on cryptocurrency should come out first and then only the role of Sebi can be outlined, says Sebi chief.
Amid continuing volatility in bitcoin prices and growing concerns about investors’ safety, Securities and Exchange Board of India also known as SEBI chairman Ajay Tyagi on Saturday said the regulations on cryptocurrencies should be out soon and the role various regulators will play is being finalised.
Tyagi told reporters, "The day Budget was presented, on the next day itself we have requested Department of Economic Affairs to call a meeting of that very quickly...We want first a policy to be framed. We have actually decided that which regulator will do what and we want that the committee should come out with the regulations very quickly and we will fully contribute to this.
Well cyptocurrency is killing the gaming industry. The miners are buying every graphics card they can lay their hand on and the prices have almost doubled its good that the cyptocurrency are in free fall( not for the miners). I hope that the price of every commodity stabilizes again .
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