ASCI in talks with Center to refresh crypto advertising guidelines

New Delhi: The Advertising Standards Council of India (ASCI) is in discussions with the government to refresh guidelines related to cryptocurrency advertising, to include adequate disclosure of risks, to ensure that consumers do not mistake crypto products to be legal tender. and do not be misled by exaggerated claims. Or by making unfair comparisons with … Read more

CoinDCX plans to go ahead with IPO as soon as India rules come into force

According to its co-founder Neeraj Khandelwal, India’s first cryptocurrency unicorn, CoinDCX, is planning to go ahead with an initial public offering as soon as government regulations allow it. The share sale, similar to Coinbase Global Inc’s US listing earlier this year, will be a significant vote of confidence for India’s digital asset industry, Khandelwal said … Read more

Crypto exchanges rush to allay investor concerns amid regulatory uncertainty

MUMBAI: Private equity firms and strategic investors who have invested millions of dollars in Indian cryptocurrency exchanges are getting upset after the government’s decision to introduce the Official Digital Currency Bill, 2021 on Cryptocurrency and Regulation in the upcoming winter session of Parliament. . The words of the Lok Sabha Bulletin, released late on Tuesday, … Read more

Advertisement of crypto exchanges spends Rs 50 cr on World Cup

Mumbai: Indian cryptocurrency exchanges collectively spent over ₹50 crore during the recently concluded ICC T20 World Cup. According to some experts, the CoinDCX-dominated blitz has raised government and regulatory concerns over virtual currencies and advertisements promoting them. Data shows that cryptocurrency exchange CoinDCX advertised seven times per match on every channel during the tournament, spending … Read more