A Quick Guide to Cryptocurrency-related Regulators and Companies in India

Overview

The regulators have been looking into the cryptocurrency ecosystem ever since April 2017 when it set up a panel comprising officials from the finance ministry, the RBI, and India’s market regulator, the Securities and Exchanges Board of India. But earlier this year, India’s cryptocurrency ecosystem was pushed into a corner. The RBI cracked the whip on the exchanges, asking banks to wind up all business relationship with them and investors. Since then, several exchanges have challenged the RBI in the supreme court.


Important Regulators to Know

Important Regulators to KnowQuick Description
Reserve Bank of IndiaIndia’s central banking institution, which controls the monetary policy of the Indian rupee
Securities and Exchanges Board of IndiaRegulator for the securities market in India

List of crypto-related companies and exchanges

CompaniesExchanges
State Bank of indiaZebpay

comment: India has been one of the late Crypto entrance players in Asia, it is still uncertain how regulators will ultimately rule cryptocurrencies

To learn more about the rest of Asia, start off with our GCR Asia Assessment grid:

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