Sebi to make celebrity endorsement of crypto products tougher
Sebi's proposal is the latest in a string of stringent regulatory decisions relating to crypto by Indian regulators
By Shashank Bhardwaj
Image: Shutterstock
The Securities and Exchange Board of India (Sebi) has encouraged notable public figures, such as celebrities and athletes, to avoid advocating anything related to the digital asset market, making celebrity sponsorship of crypto products more challenging.
Sebi's stance is reportedly based on the premise that crypto products are not regulated in India and that some of them may breach existing legislation. “Given that crypto products are unregulated, prominent public figures including celebrities, sportsmen, etc. or their voice shall not be used for endorsement/advertisement of crypto products,” a source cited Sebi as saying.

Mythical games enters a strategic partnership with NFL to launch play-and-own NFT video game
Read More..
CoinDCX offers an opportunity to its users to generate crypto yield on crypto assets through it's 'Earn feature'
Read More..
Backed by Shark Tank's Kevin O'Leary, WonderFi set to acquire Canadian exchange Coinberry
Read More..