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
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.
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Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
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Germany closes Russian darknet marketplace HydraRead More..
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Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
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Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..