Regulatory Scrutiny on Merchant Bankers

🧐 SEBI Targets Merchant Bankers with Stricter Norms 🧐
The Securities and Exchange Board of India (SEBI) has proposed stricter regulations for merchant bankers, aiming to close loopholes that allow them to bypass enforcement. These changes are expected to have a significant impact on financial services, including those connected to the crypto market.
The new norms could lead to increased transparency and accountability, but they may also introduce additional hurdles for companies looking to raise funds. Crypto enthusiasts and investors should watch closely as these regulations could reshape the landscape for crypto-related financial services in India.
#SEBI #Regulation #CryptoRegulations #FinancialServices

India’s Crypto Journey:

2018: RBI bans crypto dealings; Supreme Court overturns in 2020.

2021: Govt proposes crypto ban; bill not introduced yet.

2022: India imposes a 30% tax on crypto transactions.

2024: Govt panel reviewing SEBI & RBI submissions. Report expected by June, crucial for future crypto policies.

#indianCryptoBan #indiaceyptotax #India #SEBI