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Sebi in talks with govt, RBI to formulate framework for regulating bitcoin

India currently has no regulation for cryptocurrencies

Reuters  |  Mumbai 

India's capital market regulator Sebi is in talks with the government and central bank RBI about how to regulate cryptocurrencies, its chairman said on Wednesday. The Securities and Exchange Board of India (SEBI), plus officials from the Ministry of Finance, Ministry of Electronics and Information Technology and the Reserve Bank of India (RBI), are on a panel tasked with determining the legal oversight for cryptocurrencies such as bitcoin, Chairman Ajay Tyagi said. "There has to be a process or law, only then can you take action," Tyagi told reporters on the ...

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First Published: Wed, December 20 2017. 16:19 IST
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