Indian Regulator SEBI Wants Mutual Funds to Stay Away From Crypto Investments Until Legislation Is Finalized – Regulation Bitcoin News

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The Securities and Exchange Board of India (SEBI) has asked mutual fund companies not to invest in crypto investments until legislation is finalized. bitcoin cryptocurrency

Last month, Indian asset management firm Invesco Mutual Fund delayed launching its Invesco Coinshares Global Blockchain ETF Fund of Fund due to regulatory uncertainty around crypto assets even though it was approved by SEBI. The fund is an open-ended scheme investing in Invesco Coinshares Global Blockchain UCITS ETF. It is the first fund in India with exposure to the blockchain ecosystem to receive approval from SEBI.

The underlying fund’s portfolio as of Nov. 2 includes Coinbase Global, GMO Internet, Kakao Corp. SBI Holdings, Hive Blockchain Technologies, Bitfarms, Bit Digital, and Microstrategy. While the Indian government has not made an official announcement whether it will ban or regulate cryptocurrencies, there are reports that crypto assets will beMeanwhile, India’s central bank, the Reserve Bank of India , has been calling on the government to

 

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Mutual funds itself are saying invest at ur own risk 😂😂😂 Bitcoin investment is far better than this crap mutual fund ponzi

Or you can just use Bitfinex or Binance. I doubt the Indian government will completely ban cryptocurrencies in the country.

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Does anyone really use the small national level exchanges? Better to use big players like binance ftx bitfinex or robinhood

Bullish

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In other words, never? In any case in the place of the Indians, I wouldn't trust either national ETFs or national cryptocurrency exchanges. There are always reliable alternatives like binance or bitfinex

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Okay that’s fair.

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It’s like, telling people on Black Friday few years ago, to enter slow.

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