Indian central bank may have shunned cryptocurrencies , but its market regulator is keen on understanding them.
the securities and Exchange board of India (SEBI) has sent teams on international study tours to understand how other countries have handled virtual money, its annual report released last month said
the teams have visited japan Financial services Agency the UK financial conduct authority and the swiss financial market supervisory authority during trips organised to study initial coin offerings and cryptocurrencies however the report doesnt mention when the visits took place
we are happy that the government and the regulators are trying to understand the system but what is the point if it is not yielding any results asked an official of a new delhi based cryptocurrency exchange requesting anonymity on various occasions we have also made various representations to the defferent stakeholders to help them understand the contourd better but we haven seen any positive results so far
