India's new crypto law set to red-flag chit fund, MLM business models

Regulators including the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) have raised concerns before a parliamentary panel about how some individual investors are collecting money in small towns - with business models resembling those of chit funds - for investing in crypto assets.

from Cryptocurrency-Markets-Economic Times https://ift.tt/3obwidQ