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02 March 2021

India securities regulator to reportedly bar IPO promoters from holding crypto

India securities regulator to reportedly bar IPO promoters from holding crypto


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India securities regulator to reportedly bar IPO promoters from holding crypto.

In what seems to be another anti-crypto move by regulators in India, IPO promoters may soon be forced to sell their crypto holdings before being allowed to participate in raising funds.

According to a report by the Economic Times, the Securities Board of India may disqualify IPO promoters from raising funds if they hold cryptocurrencies.

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