SEBI suggests shared crypto oversight - Ideal time to launch your venture in India?

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SEBI suggests shared Crypto Oversight - Ideal
Time to Launch your Venture in India?

• https//rb.gy/9483sf

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• If you've been waiting for the perfect moment to
  launch your venture in the Indian cryptocurrency
  market, your golden opportunity might be
  knocking. The Securities and Exchange Board of
  India (SEBI) recently suggested a shared
  oversight model for cryptocurrencies, and this
  could be a game-changer for crypto entrepreneurs
  in India for Stablecoin development,
  Cryptocurrency exchange development, and Crypto
  wallet development solutions.

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• About SEBI's Suggestion
• In recent news, SEBI suggests regulating
  crypto-like securities, inspired by the U.S.
  model. RBI prefers regulation of crypto-backed by
  real currencies, with insurance and
  pension-related crypto under other regulators.
  While, RBI sees digital currencies as a risk to
  the economy, advocating for a ban on stablecoins
  and expressing concerns about tax evasion and
  financial stability.

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• Complaints would be managed under consumer
  protection laws. Despite a court overturning
  RBI's 2018 crypto ban, RBI still enforces money
  laundering and foreign exchange rules to limit
  crypto use in India's financial system. In 2022,
  India began taxing crypto transactions and
  required exchanges to register locally.

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• In simpler terms, SEBI's suggestion means there
  could soon be clearer rules and guidelines about
  how cryptocurrencies can be traded, managed, and
  utilized in India. This is a massive deal
  because, until now, the crypto market has been
  operating in a bit of a gray area. Clear
  regulations mean more security for investors and
  more legitimacy for crypto businesses.

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• Why Is This Important?
• Regulatory Clarity First and foremost, having
  clear rules is always better than playing in the
  dark. If you're thinking of starting a crypto
  venture, knowing the dos and don'ts upfront can
  save you a ton of headaches and legal troubles
  down the line. SEBI's move could provide that
  much-needed clarity.
• Increased Trust With official oversight, more
  people will likely trust cryptocurrencies. This
  could mean a broader customer base for your
  venture. People who were previously hesitant
  might start seeing crypto as a viable investment
  option, leading to increased market participation.

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• Global Attention India has a massive market
  potential, and a regulatory framework could
  attract international investors and crypto
  companies. This could create a more lively
  ecosystem with more opportunities for
  collaboration, and growth.

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• Why Now Is the Perfect Time
• Early Mover Advantage The crypto market in India
  is still relatively young. By starting now, you
  position yourself as a pioneer in businesses like
  crypto exchange development, or stablecoin
  development. This can help you build a strong
  brand presence and customer loyalty before the
  market becomes saturated.
• Supportive Ecosystem With SEBI's shared
  oversight model, you can expect more support from
  financial institutions, tech partners, and even
  the government.

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• How to Get Started?
• Research the Market Understand the current state
  of the crypto market in India. Who are the major
  players? What are the popular cryptocurrencies?
  What gaps can your venture fill?
• Comply with Regulations Keep a close eye on
  SEBI's guidelines and any other regulatory
  announcements. Consulting with a legal expert
  specializing in crypto can be a wise move.

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• Contact a service provider Assemble a team of
  experts from a top-rated blockchain development
  company. This includes developers, marketers,
  financial advisors, and legal experts.
• Develop a Better Platform If you're launching a
  crypto exchange, a blockchain-based app, or any
  other crypto service, make it user-friendly, and
  scalable.

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• In conclusion, the future of cryptocurrencies in
  India looks promising with SEBI's proposed shared
  oversight model. By launching your venture now,
  you can take advantage of the growing interest,
  supportive ecosystem, and the potential for
  regulatory clarity. So, what are you waiting for?
  Get out there, do your research, and start
  building the next big thing in the Indian crypto
  space.

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