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Amit Mishra

Govt again acts on LocalCircles ask on crypto advertising

Friends here is some good news for you. Once again the SEBI markets regulator has acted on LocalCircles ask on stopping ads of cryptocurrencies. Members on LC have been very vocal about bollywood stars not advertising cryptocurrency.

SEBI) has suggested that no ‘prominent public figures, including celebrities, sportsmen’ should endorse crypto products and the advertisement discloser should also talk about possible violation of laws.
As on date, crypto is not regulated and has been named as virtual digital assets (VDA) for taxation purpose only. SEBI communicated its view to the Parliamentary Standing Committee on Finance more  

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Public Pulse on Cryptocurrencies
Many of you in the last 6 months have raised the subject of Cryptocurrencies from a regulation and tax evasion standpoint and many of you participated in the recent circle survey on what should be the way forward on the,. Below is the survey report which is extensively being carried by all forms of media todayCryptocurrencies - Public Pulse Do share the above link with friends, family who may be considering investing in cryptocurrencies or are already invested. We also look forward to any of your additional inputs as we soon escalate this report to all stakeholders in the Government, RBI and the Parliament.
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Sudarshan Venkataramanan
Crypto is a bigger issue than Pan Masala, Online gaming and Liquor it seems. Players, Moviestars and celebrities are endorsing this junk now. Any ideas? more  
Saripalli Suryanarayana
It should be only on BSE as trading share. Violation in any forms should be punished more  
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