crypto exchanges: Crypto industry aims for a dual licence regime

Cryptocurrency players have suggested dual licences for different types of crypto exchanges.

Fiat on-ramp exchanges, which allow people to convert crypto into rupees and vice-versa, require separate rules and regulations from crypto wallets or exchanges, which only allow trading within the crypto universe, industry stakeholders said.

“We strongly support a hybrid regulatory body under RBI and Sebi to cater to the emerging blockchain/crypto

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